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Tags: Argentina
Knowledge is Power!
WAS it a gallant gesture from a doting husband? Was it a pre-arranged dynastic compact, enabling him to return in 2011? Or was it that Néstor Kirchner knew that Argentina requires policies different from those he has adopted for the past four years? Whatever the reason, since Mr Kirchner announced in July that he was standing aside in favour of his wife, there had been little doubt that Cristina Fernández de Kirchner would become the first woman to be elected to her country’s top job. Not so much a contest, the election on October 28th turned into the coronation of “Queen Cristina”, dubbed thus because of her regal manner (see article).
There were both good and bad reasons for her victory. Back in 2001-02, Argentina suffered a horrific economic, financial, social and political collapse, involving a massive devaluation and the world’s biggest sovereign debt default. Mr Kirchner has presided over a vigorous recovery in which poverty and unemployment have roughly halved. Many Argentines give him the credit for this—even though over the past two years he has recklessly allowed the economy to overheat. In other ways, too, Ms Fernández, the candidate, benefited unfairly from being Mrs Kirchner, the first lady: she made liberal use of the presidential plane, for example. Still, Ms Fernández’s mandate is clear. What she intends to do with it, however, is not.”*
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