Argentina's election looks too close to call
the city of Quilmes, a 40-minute drive south of Buenos Aires, has had the distinction of being the name of Argentina’s national beer. A German immigrant, one Otto Bemberg, started his brewery there, on the edge of the River Plate, in the 1880s; today Quilmes is sold from Iguazú falls to Tierra del Fuego. But there is more than beer brewing in the city.
A national poll last month by the Isonomía group, which has worked for Mr Macri, showed him losing badly to Ms Fernández. That triggered turmoil in the markets; the peso lost almost 9% against the dollar in a week. On April 29th Mr Macri won permission from theAn election today would be too close to call, according to a fresh Isonomía poll.
Mr Peña acknowledges that market instability represents the biggest threat to the president’s survival now. With a firm “no”, he dismisses any possibility that Mr Macri will step aside for a candidate better placed to defeat Ms Fernández, a persistent suggestion from some within the Cambiemos movement in recent weeks. “He’s a fighter, and he’s going to fight for this, just as she will, because she’s a fighter too.
They may turn to one of several possible Peronist moderates. But it helps both Mr Macri and Ms Fernández to try to polarise the race between them. In the working-class suburb of Agronomía, the Cristina team is coming together under the slogan “order out of chaos”. Unsurprisingly there is no mention of the currency controls, import controls, protectionism and unsustainable subsidies that characterised Ms Fernández’s second term.
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