“We are starting a new era,” said Axel Kicillof, the candidate for governor of Buenos Aires allied with Mr. Fernández. Critics accuse Mrs. Kirchner of overseeing a deeply corrupt government that distorted official economic figures and relied on a patchwork of unsustainable subsidies and social programs to retain political support. Our Standards: The Thomson Reuters Trust Principles. '); Guzman, a young academic and protégé of Nobel Prize-winning economist Joseph Stiglitz, is a debt restructuring expert but has little hands-on experience in policy making. Argentina's president elect Alberto Fernandez (R) delivers a speech next to his vice-president elected Cristina Fernandez (L) at the party's headquarters in Buenos Aires on October 27, 2019. Mr. Fernández, who despite being Mrs. Kirchner’s running mate had been harshly critical of her presidency, seemed eager to placate investors in his victory speech late Sunday. We use cookies on this site to store information on your device. He has taught and directed the wine management programme at ADEN Business School and has also spent time working as a private and independent consultant to entrepreneurs, investors and multi-lateral organisations. Publicado às 19:50 24 outubro 2020 19:50 24 outubro 2020. London, UK, Privacy Policy | Cookie Policy | Please drink responsibly | Log in He added that Guzman did not represent the more “radical” elements in the Peronist movement. The goal is challenging, but we will keep the focus on collaboration agreements and education as a way to reach new audiences.”, Your email address will not be published. “Beyond the numbers themselves the result will have an impact on the economic situation that will prevent the government from changing people’s perspectives.”. Mr. Kicillof’s victory in Buenos Aires province, the country’s most populous, was one of the biggest shockers of the night because he won over the incumbent, María Eugenia Vidal, a Macri ally who was regarded as a rising star in Argentine politics. Hernández Toso will serve a two year term as president… ... Navigate to the next page. Fernandez’s cabinet will be tasked with steering Latin America’s No. He has been on Wines of Argentina’s board of directors since 2015, previously occupying the role of treasurer. Supporters of Argentina's presidential candidate for the Frente de Todos party Alberto Fernandez celebrate his win in the general elections at Obelisco in Buenos Aires on October 27, 2019. }); See here for a complete list of exchanges and delays. Required fields are marked *. , which has important ties with multinational companies developing the country's vast Vaca Muerta shale play. “We are optimistic and happy that so many Argentines decided that things need to change in Argentina,” she said. BUENOS AIRES — President Mauricio Macri of Argentina was unexpectedly trounced in primary elections, ... “We did not come to restore a regime, we came to build a new Argentina,” he said. st = new Date(); Fernandez’s cabinet and key economy pick underscore a sharp shift from the austerity policies under outgoing conservative President Mauricio Macri. A victory for Mr. Fernández in Argentina would be a boost for the left in Latin America, where center-right candidates have been consistently beating leftist parties that had become dominant in much of the region in the early 2000s. “We had a bad election,” Mr. Macri told supporters in Buenos Aires as he vowed to “redouble efforts” to win back support before the presidential election in October. Mrs. Kirchner kept a low profile on Sunday, suggesting that she deems it prudent to keep Mr. Fernández in the limelight as many in Argentina and abroad wonder whether he would effectively be a figurehead president if the two emerge victorious. He then served as head of cabinet ministers for both administrations. BUENOS AIRES (Reuters) - Argentine President-elect Alberto Fernandez unveiled his cabinet and new central bank chief on Friday evening, laying out his core team days before the center-left leader takes office facing a stalled economy, rising debt fears and painful inflation. London, UK, The Whisky Exchange Both tickets will be able to participate based on their performance Sunday, but the primary gave a sense of how far behind Mr. Macri has fallen. News Navigation Seções Seções. Reporting by Marina Lammertyn; additional reporting by Marc Jones in London; writing by Cassandra Garrison; editing by Chris Reese, Tom Brown and Michael Perry. He resigned in 2008 from Cristina Kirchner's administration over policy disagreements, according to the BBC. var st = null; President Mauricio Macri of Argentina preparing to cast his vote during the primary elections in Buenos Aires on Sunday. CNN's Blanca Carretero, Daniel Silva and Ignacio Grimaldi contributed reporting. The economy. The BCRA says individuals can take out $200 from their bank accounts and $100 in cash. Industry body Wines of Argentina has appointed Maximiliano Hernández Toso as its new president for the next two-year period. Mr. Macri last year took the politically risky decision to request a loan from the International Monetary Fund, which provided Argentina a $57 billion bailout, the largest in the fund’s history. Matias Kulfas, who previously held government and central bank positions, was named as the powerful production minister. }); Copyright © 2018 CGTN. BUENOS AIRES — President Mauricio Macri of Argentina was unexpectedly trounced in primary elections, suggesting that voters angered over his austerity measures and the country’s deep recession and soaring inflation are inclined to put their faith in his leftist opponents. "I congratulated Fernandez and invited him to talk so that we could have an organized transition. ", "And of course we will collaborate in everything we can because the only thing that we will focus on is to stop the suffering of all Argentinians," Fernandez said. var now = Date.now(); So who is Alberto Fernandez? Your email address will not be published. Fernandez also named young political scientist Santiago Cafiero, heir to a historic Peronist family, as cabinet chief, and tapped former Buenos Aires governor Felipe Sola as foreign minister. - His vice president is former president Cristina Fernandez de Kirchner. - In 2003, he led the campaign for former president Nestor Kirchner and then, in 2007, for former president Cristina Kirchner (Nestor's wife). Vice President-elect Cristina Fernandez de Kirchner, a divisive former president with huge political influence in the country, was notably not present at the event where Fernandez announced his cabinet picks. Polls had predicted a tight race, but he received 32 percent of the vote, lagging 16 points behind the ticket in which the country’s former president and a political powerhouse, Cristina Fernández de Kirchner, is running as vice president with a little-known presidential candidate. Argentina's new president on rebuilding his country, and quickly. He takes over from outgoing president Alberto Arizu. Navigate to the last page. Guillermo Nielsen, a key economic adviser to Fernandez, will be tasked with leading state oil firm YPF SA. “We look forward to working with them,” IMF spokesman Gerry Rice said on Twitter. jQuery(document).ready(function($) { The important thing is the future of all Argentinians," Macri said at his campaign headquarters. Argentina’s Macri Trounced in Primary by Voters Angry Over Economy. The fund is widely despised in Argentina because many blame it for an economic collapse in 2001. The resounding defeat for the government was a reflection of widespread disillusionment among Argentines with Mr. Macri. “We did not come to restore a regime, we came to build a new Argentina,” he said. The next agriculture minister of the major grains exporting country will be congressman Luis Basterra. $('#force').val(count) These measures, which were implemented to preserve the reserves of the central bank, will remain in place until December. The 60-year-old center-left politician beat incumbent Mauricio Macri in the October presidential elections. And his views on growth rather than austerity led recoveries are spot on.”, Capital Economics, meanwhile, said in a note that while Guzman was more moderate than others, he was “unlikely to take a market-friendly approach.”. By Stefano Pozzebon and Taylor Barnes, CNN. Adoring crowds cheer and let off fireworks as Argentina's new centre-left president Alberto Fernandez, 60, is sworn in - but Brazil's Jair Bolsonaro refuses to attend the ceremony The results were seen as a vindication of Mrs. Kirchner’s comeback plan, which was met with surprise and skepticism when she announced it in May. Dollar purchases will be restricted to $200 per month, down from $10,000 per month, the. Inflation is over 50 percent and poverty is reaching 40 percent, according to Reuters. - Peronist: He is a member of the Peronist political movement, which is based on the ideas of former president Juan Peron. Fernandez is due to take office on December 10. Hernández Toso will serve a two year term as president, supported by Guillermo Barzi, who continues as vice president of the institution. Voters turned out in numbers to reject the austerity measures introduced by Macri as the country attempts to dig itself out of a deep economic crisis. They also highlight a balancing act by the South American country’s new leader, as he seeks to address the varied demands of his disparate Peronist coalition. “It suggests a moderate approach by Fernandez towards the (economic) issue,” said Gabriel Brasil, lead political analyst for Argentina at consultancy Control Risks. Argentina’s bonds and stocks plunged as investors, who had put significant faith in Mr. Macri’s belt-tightening efforts, braced for the possibility of a victory by Mrs. Kirchner. © 2020 Union Press Ltd | Wigglesworth House, Fourth Floor, 69 Southwark Bridge Road, London, SE1 9HH, UK | Registered in England and Wales No.
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