The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Argentina: To the winner, the spoilt economy

This year’s presidential election in Argentina is likely to be the first to be decided in a second and final round of voting since the constitution was changed in the 1990s. The outcome for the country – and its economy – will be as important as it will likely be close. Euromoney talks to economic advisers to the two leading candidates about how they view 2016 and beyond.

Argentina is on the brink: on the brink of a presidential election; on the brink of a hugely important choice; and quite possibly on the brink of economic and financial chaos – whoever wins. 

The August primaries – effectively a large national opinion poll for the two leading candidates – showed how successful short-term economic policy has been in creating breathing space for the ‘stability’ candidate, Daniel Scioli. He won the primaries, with 38.4%, 8.3 percentage points ahead of the combined votes for the opposition Cambiemos candidates, of which Mauricio Macri becomes the official candidate in the first round of the presidential election in October. 

 The main candidates

Daniel_Scioli_300

Daniel Scioli
Born 1957, Buenos Aires City, Argentina
Candidate for: Parodist Party (the party of continuity)

Daniel Scioli has twice been elected as governor of the state of Buenos Aires – Argentina’s most populous state and the key to national elections. Through tax increases he has kept the state’s finances in decent shape (according to BNP Paribas) and won the primary elections in August. He has the support of the current president, Cristina Fernandez de Kirchner, and although he is normally seen as more moderate than Kirchner – he has a background in working for his family’s company – his choice of Carlos Zannini as running mate (Kirchner’s current legal secretary) has created some concerns as to his independence and ability and desire to moderate current policies.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree