Cristina Fernandez, former president of Argentina, announces vice presidential bid

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Cristina Fernandez, former president of Argentina, announces vice presidential bid
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Cristina Fernandez said in a video posted on Twitter on Saturday that she's running for vice president in October's general elections.

Then-President Cristina Fernandez de Kirchner of Argentina, left, with Chief of Cabinet Alberto Fernandez in March 2008. He is now running for president with Fernandez on the ticket as his candidate for vice president.

Alberto Fernandez served as chief of staff from 2003 to 2007 for Fernandez's predecessor and late husband, Nestor Kirchner. He remained in the position during a portion of Fernandez's term as president from 2007 to 2015, but left after a steep economic crisis took hold. Some polls have suggested Fernandez could defeat Macri in a second round of voting, but it is unclear how those prospects will change now that she has thrown her hat in the ring in a lesser capacity. Although many had assumed she would run for the top post, her decision to pursue the position of second-in-command reflects possible doubts over whether she is best positioned to challenge Macri directly in light of a series of looming corruption trials.

Still, many voters are frustrated by an inflation rate that reached 47.6% last year, the highest since 1991, and a decision by Macri's government to slash subsidies on utilities and public transportation. In April, the Argentine peso hit a record low as a result of growing distrust of the conservative president's economic management.

Fernandez, 66, was known for her interventionist and populist policies while in office. Some credit her for leading the country out of an economic crisis, while others blame her for creating its current woes. But in announcing the presidential candidacy of her running mate, she appeared to be the one who could effectively pull the ticket's strings going forward.

Since leaving office, Alberto Fernandez has been critical of his current running mate — going so far as to even oversee the campaigns of her political opponents.Fernandez said in her video message Saturday that she had known Alberto Fernandez for 20 years, but she also acknowledged that there had been"differences" between them.

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