If the Fernándezes win Argentina's election this month, what sort of government will emerge?
, in the centre of Buenos Aires, the money-changers are back, offering dollars at a black-market exchange rate. In the has risen sharply, prompting congress to approve emergency food aid. Poverty now afflicts 35% of Argentines, up from 27% in January-June 2018, say official figures. Even the solidly middle-class districts in a city of slowly fading grandeur are feeling the pinch.
Mr Macri’s people insist they still have a chance, because turnout will rise and because of fear of a return to leftist populism. But most insiders in Buenos Aires assume the Fernándezes will win. The big question is what sort of government would emerge. Some fear the worst, with hyperinflation and the expropriation of savings. But Mr Fernández is a pragmatist and a skilled political operator. He has been sounding increasingly moderate.
Argentina’s macroeconomic plight is less severe than in 2002. The banks are sound. After a belated fiscal squeeze this year, the fiscal deficit will be about 4% ofIMF
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Argentina’s difficult road to redemptionThe current economic crisis is milder than the collapse of 2001-02. And the country’s politicians are more responsible
Read more »
EXCLUSIVE: Luca Guadagnino Designs Redemption N.Y. FlagshipGabriele “Bebe” Moratti discusses the luxury brand’s first retail venture.
Read more »
'Red Dead Redemption 2' Comes to PC'Red Dead Redemption 2' comes to PC RDR2
Read more »
More than 10,000-year-old shell from prehistoric armadillo discoveredThe latest discovery comes four years after a similar find in the same region of Argentina.
Read more »
5 Foundations Dark-Skinned Beauty Bloggers LoveIt's no secret that it can be difficult to find the right foundation, but it can be even more difficult to find the right foundation when you have a darker skin tone.
Read more »
Design Your Bedroom To Reveal Which Music Genre You AreDesign your bedroom to reveal which music genre you are
Read more »