Argentina Has Elected a Leftist President. Now What?

Center-left candidate Alberto Fernandez won Argentina's Oct. 27 presidential election with roughly 48 percent of the vote, eliminating the conservative incumbent Mauricio Macri, who received roughly 40 percent. Fernandez defends greater state intervention in the economy and expansionary fiscal policies, as opposed to Macri's business-friendly and deficit-tightening positions. Fernandez's inauguration as president on Dec. 10 will mark a change of direction for Argentina. But with the economy expected to shrink by another 3 percent this year, the harsh realities of Argentina's financial situation risk cutting Fernandez's honeymoon period short once he takes office in December. ...