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Argentina elections, or the nine lives of Peronism


All three of the leading candidates in the upcoming general elections are Peronists - Scioli, Macri, Massa. The former,  endorsed by  the incumbent, Cristina Kirchner, and leading in the  polls, wows  to keep the existing subsidies system and the current strong state control over the economy. The second aims at liberalizing the economy to create jobs, and ending  the dollar peg of the peso. The latter pledges  also to create  jobs, but commits as well to zero tolerance for violence, corruption and legal uncertainty. Generic? Yes,  but neither  the Argentines got to learn much more about the specific programs, especially in the case of the officialist Scioli. A loyal and  large part of Argentine electorate does not want to hear about policies  involving "adjustments". The result is that, once again, Argentines may vote with their heart dismissing economic and political issues.

All three of the leading candidates in the upcoming general elections are Peronists – Scioli, Macri, Massa. The former,  endorsed by  the incumbent, Cristina Kirchner, and leading in the  polls, wows  to keep the existing subsidies system and the current strong state control over the economy. The second aims at liberalizing the economy to create jobs, and ending  the dollar peg of the peso. The latter pledges  also to create  jobs, but commits as well to zero tolerance for violence, corruption and legal uncertainty. Generic? Yes,  but neither  the Argentines got to learn much more about the specific programs, especially in the case of the officialist Scioli. A loyal and  large part of Argentine electorate does not want to hear about policies  involving “adjustments”. The result is that, once again, Argentines may vote with their heart dismissing economic and political issues.

The next president’s to-do list  is Herculean: alleviate poverty that affects one-third of the population; boost agricultural and industrial production despite capital controls that discourage investments; regain access to external financing to continue repaying  the US funds that did  not take the deal when the country defaulted  in 2001, and to beef up the country’s scarce international reserves; lead an extensive crackdown on corruption that has a grip on activities at all levels; and last but not least ensure greater legal certainty; and battle drug trafficking.

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