To come to power and stay in it is what the Krichners’ and their competitors need to figure out
When Argentina goes to elections on June 28, a lot would be at stake not only for the country but also for those who have been in power. If at all economic conditions of the country have not improved, it shows that the first couple, President Cristina Fernández de Kirchner and her predecessor and husband, Néstor Krichner are losing ground. While the mid-term elections were supposed to take place in October as per schedule, the pre-ponment of the mid-term polls in all probability would spell doom for the current government. Says Jorge Giacobe, pollster and analyst, “…this is the end of the prolific cycle of the Kirchner name.”
The era which began in 2003, when Néstor came to power and tried to and to a great extent even succeeded in, controlling the tumbling economy of c appears to be nearing its end. During his rule the economy started to recover from the recession it faced during 2001-03. Néstor reduced the debt on the country, a step which worked in the beginning but failed as time went by. Yet power did not elude him as he was succedeed by his wife.
But now, things could be changing. This is more than evident since the country election has seen a heavy flow of funds. The drums are beating loud and many new presidential candidates have come to join the race.
Francisco de Narvaez, who is the closest competitor to Krichner and heads the deputies lists in Buenos Aires, is spending millions to fortify his position. Public opinion polls show that the two are close to each other as far as results go.
When Argentina goes to elections on June 28, a lot would be at stake not only for the country but also for those who have been in power. If at all economic conditions of the country have not improved, it shows that the first couple, President Cristina Fernández de Kirchner and her predecessor and husband, Néstor Krichner are losing ground. While the mid-term elections were supposed to take place in October as per schedule, the pre-ponment of the mid-term polls in all probability would spell doom for the current government. Says Jorge Giacobe, pollster and analyst, “…this is the end of the prolific cycle of the Kirchner name.”
The era which began in 2003, when Néstor came to power and tried to and to a great extent even succeeded in, controlling the tumbling economy of c appears to be nearing its end. During his rule the economy started to recover from the recession it faced during 2001-03. Néstor reduced the debt on the country, a step which worked in the beginning but failed as time went by. Yet power did not elude him as he was succedeed by his wife.
But now, things could be changing. This is more than evident since the country election has seen a heavy flow of funds. The drums are beating loud and many new presidential candidates have come to join the race.
Francisco de Narvaez, who is the closest competitor to Krichner and heads the deputies lists in Buenos Aires, is spending millions to fortify his position. Public opinion polls show that the two are close to each other as far as results go.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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