Argentina’s election ends in primary polls as triple-digit inflation sparks anger

BUENOS AIRES, Aug 13 (Reuters) – Argentina’s polls closed on Sunday evening in primary elections expected to punish the ruling center-left Peronist coalition due to inflation that has plunged 116% and a cost-of-living crisis that has left 4 in 10 voters. People in poverty.

The primaries are mandatory for most adults, and each person gets one vote, turning it into a giant dress rehearsal for the general election in October, giving a clear indication of who will be the favorite to win the presidency.

It is key to talks on policy and a $44 billion loan deal with the International Monetary Fund, affecting Argentina’s largest farm sector of soy, corn and beef, the peso currency and one of the world’s leading exporters of bonds.

The economic crisis has alienated many Argentines from the main political parties – the Peronist coalition and the conservative opposition Together for Change – and has opened the door to a possible surprise victory for a far-right libertarian.

“This is another chance to change things. Inflation is killing us, the uncertainty of work doesn’t allow you to plan your life,” said 42-year-old housewife Adriana Alonso.

With official results expected later in the evening, all eyes were on the internal conservative leadership race and dark horse libertarian candidate Javier Mille. A Conservative coalition source said there was concern that Miley was doing “very well”, although there was “a long way to go”.

Some voters planned anti-votes for fringe parties or none at all, which could play against the more moderate presidential candidates in the race, including far-right Buenos Aires Mayor Horacio Lauretta and Economy Minister Sergio Massa. The biggest hope of the Peronist coalition.

See also  Bolivia Coup Attempt: General imprisoned, army flees palace

“I’m thinking about leaving my ballot blank,” said Micaela Pancera, 22, who works at a food company in Buenos Aires. “No candidate believes me.”

There were long and sometimes chaotic queues to vote on Sunday, with some complaining of delays in casting their ballots and flaws in the voting system.

Reuters Graphics Reuters Graphics

A difficult election to predict

The most important leadership race is in the Together for Change coalition between Lauretta and former Defense Secretary Patricia Bullrich. Both promise greater austerity and freer markets.

Miley, a libertarian economist who won over a fifth of the vote in opinion polls and won over voters with a bold, no-nonsense style, was an unpredictable factor. He wants to dollarize the economy and close the central bank.

“A strong performance by the libertarian candidate could surprise and point to a three-candidate race in October,” investment bank Goldman Sachs ( GS.N ) said in a note.

Pollsters expect turnout to be low, even if non-voters are fined.

“Expect high turnout, maybe even more empty votes. We’ve seen warning signs of this in the provincial elections so far,” political analyst Carlos Fara said.

“The hardest element to predict is Miley’s performance because she’s a phenomenon outside the political norm.”

Pollsters see the United Opposition candidates for Change just ahead of the Peronist bloc, with Millay pulling close to 20%. However, many agree that this is a difficult match to predict. Early 2019 polls proved to be very wrong.

Whoever wins in October or November will make big decisions on how to rebuild depleted foreign reserves, increase grain exports, control inflation and remove currency controls.

See also  Asian markets trade mixed as fears of contagion ease from banking turmoil

Jorge Pologo, 58, a businessman, said Argentina needed a “path to the future” but neither party had presented a clear path.

Maria Fernanda Medina, a 47-year-old teacher, said that after years of spiraling economic crises, she had also lost hope that politicians could really bring about change.

“I don’t have much hope because every election I feel a little disappointed,” he said as he cast his vote in Tigre, a suburb of Buenos Aires. “But hey, we can’t lose all hope, can we?”

Reporting by Nicholas Miskul; Additional reporting by Candelaria Grimberg, Walter Bianchi, Lucila Sigal, Maximilian Heath, and George Ottola; Editing by Adam Jordan, Paul Simao and Chris Reese

Our Standards: Thomson Reuters Trust Principles.

Leave a Reply

Your email address will not be published. Required fields are marked *