Midterm Elections Deal a Blow to Argentina’s Peronist President
MIN READNov 15, 2021 | 21:09 GMT
Argentine President Alberto Fernandez looks down from the stage at a Frente de Todos event in Buenos Aires, Argentina, on Nov. 14, 2021.
(Tomas Cuesta/Getty Images)
With Peronists no longer in control of Congress, political tensions within the Argentine government are slated to intensify, which will severely disrupt policymaking for the remainder of President Alberto Fernadez’s current term and prolong the South American country’s debt restructuring talks with the International Monetary Fund (IMF). In legislative midterm elections held on Nov. 14, Argentina’s ruling leftist Peronist coalition, Frente de Todos (FDT), lost its majority in both the Senate and the Chamber of Deputies, while the conservative opposition coalition, Together for Change (JxC), made modest gains. The political upset reflects Argentine voters’ frustration with their country’s poor economic conditions due to pandemic-related shocks, high inflation rates, capital controls and high unemployment....