Argentine voters soundly rejected President Mauricio Macri's austere econom...
BUENOS AIRES - Argentine voters soundly rejected President Mauricio Macri’s austere economic policies in primary elections on Sunday, casting serious doubt on his chances of re-election in October, early official results showed.
Analysts predicted it could be “game over” for Macri following Sunday’s results. Investors see Fernandez as a riskier prospect than free-markets advocate Macri due to the opposition’s past interventionist policies. There could be an even stronger degree of market volatility because the official results by late Sunday indicated that Fernandez had enough voter support to clinch the presidency in October’s first round, analysts said.
“The main responsibility of both coalitions should be to prioritize governance over the campaign,” Vilker said, noting that the results could send markets reeling.Argentina’s main political parties have already chosen their presidential nominees, allowing the primary to serve as the first concrete measure of voter sentiment after opinion polls showed a narrow margin between Macri and Fernandez.
He told supporters on Sunday the primary vote was a “bad election” for his coalition ahead of the official results.
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