Argentine markets, rattled during recent months by rising political uncertainty,...
BUENOS AIRES - Argentine markets, rattled during recent months by rising political uncertainty, could get a reprieve after the populist ex-leader seen as challenger No. 1 in this year’s presidential elections said she would instead run on someone else’s ticket.
Economists said the move could temper the self-styled populist’s more contentious policies, even if it was also a clever ploy to return to power after struggling to win over the more moderate wing of the broad Peronist opposition. Alberto Fernandez criticized her management after he resigned from her administration in 2008 and forged ties with other factions of Peronism opposed to her ruling party.
Others, however, said that if markets sensed a political upheaval, even one without Cristina Fernandez at the helm, it could create volatility. “[Cristina Fernandez] is aiming to capture that more moderate segment that does not approve of Macri’s management,” Mariel Fornoni, a political analyst for Argentinian consultancy Management and Fit, told Reuters.
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