Revenge: Who will lead Argentina? Presidential election begins
At the height of the economic crisis that is shaking the country, Argentines are going to vote, choosing between the current president Mauricio Macri, the official coalition of Juntos por el Cambio and a pair of opposition coalition Alberto Fernandez and Cristina Fernandez de Kirchner.
Duo Alberto Fernandez and Critina Fernandez
Alberto Fernandez is a 60-year-old politician, lawyer and professor, and he aspires to the presidency. Cristina Fernandez de Kirchner – 66-year-old politician, former president of Argentina, Alberto’s main partner, claims to be vice president.
They both compete in the Front de Todos coalition, which consists of four political sectors: the Justice Party (Peronist), the Kirchnerism led by the former president, the majority of Peronist governors and the Renovation Front led by Sergio Massa.
Macri awaiting re-election
The current president, Mauricio Macri, is running for the election, expecting to be re-elected, however, all polls predict his crushing defeat.
The economic crisis is the main topic of elections
Argentina is experiencing an economic crisis due to the deep devaluation of the peso, which has lost 82% of its value against the dollar since 2015. Inflation in the country reached 53.5% between September 2018 and September 2019, according to statistics from the latest studies of the National Institute of Statistics and Censuses (INDEC), in 2015 the devaluation amounted to about 25-27%.
In addition, INDEC explained that in September a family of four in Argentina required income of at least 34,785 pesos ($ 590) in order to avoid bankruptcy and not turn into beggars.
An adult in Argentina needs 11,257 pesos ($ 190) per month to avoid bankruptcy, and 4,503 pesos ($ 76) to not join the population in need.
Recall that this Sunday, October 27, in Argentina – one of the key countries in Latin America – the presidential election is taking place, which could lead to the defeat of the current head of state, the right-wing politician Maurizio Macri. A difficult situation in the economy plays against him: high inflation, devaluation of the local currency and rising unemployment, which has already led to a great number of Argentineans in poverty.
Revenge: Who will lead Argentina? Presidential election begins