Argentina votes with economy in chaos

[webfact]

Argentina votes with economy in chaos



BUENOS AIRES: -- Argentina is voting for a new president with Buenos Aires state governor Daniel Scioli well ahead in the opinion polls.

He is the favoured candidate of outgoing president Cristina Fernandez, the most popular politician in the country.

This is an unusual election as the ruling party has overseen a economy where inflation is soaring, state control is in place,its international bonds are in default and the country is locked out of the lending markets.

A potential recipe for disaster, but not in Argentina.

Generous welfare reforms have kept the government popular.

Scioli has more orthodox ideas on the economy than Cristina Fernandez, but has kept his platform deliberately vague during the campaign.

The main threat to Scioli comes from the mayor of Buenos Aires, Mauricio Macri.

Macri, though popular in the capital, he has failed to make an impact in the wider country.

He is running at 20 to 25 percent, far short of the 40 percent needed for overall victory.


-- (c) Copyright Euronews 2015-10-26

[godden]

Could be such a great country but corruption prevails.

[Assurancetourix]

Thank you who ? IMF

https://en.wikipedia.org/wiki/International_Monetary_Fund

and especially Aurelius Capital Management

https://en.wikipedia.org/wiki/Aurelius_Capital_Management

Edited October 26, 2015 by Assurancetourix

[Baerboxer]

Another corrupt third world country whose politicians think it's o k to borrow money. sell bonds etc and then not pay them back.

Individuals would be charged with theft and fraud. Governments make up their own "rules" and hope to get away with it.

[Nowisee]

so many beautiful countries of potential...but leadership keeps them in ruins.

Could be such a great country but corruption prevails.

[attento]

so many beautiful countries of potential...but leadership keeps them in ruins.

Could be such a great country but corruption prevails.

Leadership, or the lack thereof.

Leaders without leadership

[Publicus]

Look out below cause the Brics are falling and Argentina is one of 'em.

Argentina earned and accepted its invitation to align with the Brics after the country's second default. Argentina might be the most submerged of the once emerging markets. Either it or Venezuela. Both with China and Russia are the submerging once-emerging new world order.