Argentines will head to the polls on Sunday to vote in a general election under the shadow of the South American country's worst economic crisis in two decades, which has driven the rise of an outsider far-right libertarian who is in pole position to win.
The vote is likely to roil Argentina's already shaky markets, impact its ties with trade partners like China and Brazil, and set the political path for the country, a major grains exporter with huge reserves of lithium and shale gas."People want things to change," said Federico Aurelio, president of consulting firm Aresco. "How? They have no idea, but they want change."
Whoever wins will have to deal with an economy on life support: central bank reserves are empty, recession is around the corner after a major drought, and a $44 billion program with the International Monetary Fund is wobbling., pledging shock therapy to fix the economy including dollarizing, shutting the central bank, slashing the size of government drastically and privatizing state entities.
Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net.
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