On Sunday Argentina went through primaries for October’s midterm elections, and the big news was the continuous success of the Cambiemos alliance. Cambiemos performed much better than expected and at Casa Rosada they must thrilled by the show of support to the current administration. In the words of Governor Cornejo, “change was ratified”.
WHAT YOU NEED TO KNOW:
- Even in the traditional Peronist stronghold of the Province of Buenos Aires, and in spite of a couple of significant gaffes in Mr. Bullrich’s campaign, the election resulted in a technical tie. While Cristina announced she had won at 3:45AM, she obtained 34,11% of the votes to Bullrich’s 34,18% and a definitive recount is now under way. Whatever the results of this recount, it can easily be constructed as a win for Governor María Eugenia Vidal – the province’s first non-Peronist governor in a long time and one of Cambiemos’ most popular figures. It’s certainly not good enough for those who harbor hopes of a Kirchnerist resurgence.
- These hopes were further crashed because Cambiemos won in Nestor Kirchner’s native Santa Cruz. In the southern province that is currently led by his sister Alicia the FpV only obtained 30% of the votes, a massive blow to the Kirchner’s at their homeland.
- Cambiemos also performed exceedingly well in the rest of Central Argentina, winning the Autonomous City of Buenos Aires (PRO’s longtime stronghold where the Vamos Juntos alliance obtained 49,9 of the votes and won every single district), Córdoba and Mendoza. Santa Fe, the largest province after Buenos Aires, was also a close call. Together, these provinces comprise the vast majority of the Argentine population and will give Cambiemos significant gains in Congress.
- In Jujuy, the sole North-Western province that has a governor belonging to Cambiemos, the party also won. This victory was important in face of the controversy surrounding the imprisonment of Milagro Salas, a Native American activist and leader of the Tupac Amaru movement who faces corruption charges.
- Foreign investors are optimistic about Argentina’s future since this result reinforces the new economic path our country is going through and promotes stability.
- The Argentine Peso has already appreciated by 2,55% and the stock exchange rose by 3,45% this morning.
- The validation in the pools may make the government more assertive and help members that want to pursue stronger policies regarding state expenditure, taxes or the free market.
- But… with most candidates for major parties running unopposed these primaries are little more than a waste of money and results will have to be ratified in October.