Alberto Fernandez Becomes Argentina’s New President, Resumes In December

Alberto Fernandez
Alberto Fernandez

Alberto Fernandez has emerged as the new president of Argentina. He will resume office on December 10. Fernandez won on the Peronist ticket, with Cristina Fernandez de Kirchner being his running mate. The duo beat incumbent Mauricio Macri in a presidential election that shook the entire country. A former cabinet official and lawyer, Fernandez garnered 48.03% of the over 96% votes counted, with Macri coming behind with 40.44%.

A few people said Macri failed them because he didn’t deliver on his electoral promises. Many said his neoliberal policies were blameable for the worsening economic situation, and these included removing subsidies and freeing the market.

“Everything Macri said he would do, they either didn’t or couldn’t deliver,” Sandra Suarez, 58, said. “He didn’t see the reality that people were living. There are a lot of people living in extreme poverty.”

Macri admitted defeat immediately and even invited Fernandez for breakfast to enable them to talk about handing over government to the incoming administration. He said his party would mount a “constructive opposition” to the new government, but what matters at the moment is the “future and well-being of Argentines”.

There was wild jubilation across Argentina when it became apparent that Fernandez won the polls. People took to the streets to celebrate the victory of Fernandez, saying it signaled a new season of progress and development for the country.

“We’re going to be the Argentina that we deserve because it’s not true that we’re condemned to this Argentina,” Fernandez told his supporters. “We’re going to enter the world with dignity. The government is back in the hands of the people!”

As soon as Alberto Fernandez emerged the winner and Macri conceded defeat, the Central Bank announced an instant measure to salvage Argentina’s devalued currency in a bid to shore up the country’s foreign reserves. From a formerly imposed limit of $10,000 per month, the apex bank announced that $200 is the maximum that can be bought through a bank account for anyone month or $100 in cash.

This move underscores the fact that the new government will face a grim task bringing Argentina out of inflation and economic doldrums. The country is the third-largest economy in Latin America. Still, it is hoped the incoming administration will do better than the outgoing in terms of a better life for the people and improved reserves for the entire geographic region.

Fernandez served as cabinet chief under the late President Nestor Kirchner. He also worked briefly in the government of Kirchner’s wife, Cristina Fernandez de Kirchner. He left Cristina’s government when they had a serious dispute. However, people expected her to contest for the presidency, but in a volte-face, she nominated Fernandez for the position and stepped in as his deputy.

About News Team

Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

Have a tip we should know? tips@rhd.news

Most Read

  1. News
    Pandora Papers Financial Leak Shows Us the Secrets of the World’s Rich and Powerful
    3 years ago
  2. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    3 years ago
  3. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    3 years ago
  4. BUSINESS
    Women’s Demand for Shapewear – the big Trends
    3 years ago
  5. BUSINESS
    Valentino Launches its Cosmetics Line
    3 years ago
  6. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    3 years ago
  7. Health
    UK Offers Aid Amid Surging COVID-19 Cases in India
    3 years ago
  8. Sports
    Thousands of fans welcome Charlton funeral cortege at Old Trafford
    7 months ago
  9. News
    Brit left fighting for life after train derails in Argentinia
    7 months ago
  10. BUSINESS
    Dubai faces down airline rivals with $50 bln jet orders
    7 months ago
  11. Sunak
    UK’s Sunak brings back Cameron, sacks Braverman
    7 months ago
  12. Sports
    Man United’s Hojlund, Eriksen withdrawn from Denmark team duty
    7 months ago
  13. Health
    Autumn Sneezing Syndrome is on the rise… here’s what you can do
    7 months ago
  14. Canada
    Canada beat Italy to win Billie Jean King Cup for first time
    7 months ago

Follow @rushhourdaily: