Wednesday, October 26, 2011
Fernandez sails to victory in Argentinian presidential vote
October 24, 2011|By the CNN Wire Staff
Cristina Fernandez de Kirchner became Latin America's first female president to win a second term when she sailed to victory in Argentina's elections.
With 98% of votes counted Monday, Fernandez was the decisive winner, obtaining nearly 54% of votes cast and far surpassing her closest competitor.
Hermes Binner, a Socialist governor from Santa Fe, came in second place with almost 17% of the votes.
Economic issues played a large role in Sunday's vote, political analyst Carlos Germano told CNN en Español.
South America's second-largest economy has bounced back from the brink and shaped a most unlikely recovery, driven by high commodities demand from China and a series of unorthodox economic policies that worked to help shelter Argentina from much of the economic malaise that is gripping the rest of the planet right now.
Under Fernandez's leadership, Argentina's economy has enjoyed sustained growth of about 8% annually. The president points to this expansion and a low debt load as examples of how Argentina is well-positioned to weather the uncertainty in the current global markets.
Fernandez's win was a sign that Argentinians want to see economic growth continue, Germano said.
"It was an overwhelming vote to preserve what we have in light of the imminence of the problems that we are seeing in the United States and Europe," he said.
Fernandez, a center-left member of the Peronist party, went into Sunday's vote as the undisputed front-runner after handily winning the primary vote… http://articles.cnn.com/2011-10-24/americas/world_americas_argentina-elections_1_cristina-fernandez-female-president-peronist-party?_s=PM:AMERICAS
20111024 CNN Fernandez sails to victory
Labels: Argentina, Argentina President Cristina Kirchner, Bus Ag, Bus Econ 2011, Bus Econ Center for Econ and Policy Research, Bus Econ sovereign debt, Bus Econ Theory Keynesians, Business Economics, People Kirchner Cristina
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