Listen: Argentina, President Trump, Christina Finan discussed on Monocle 24: The Globalist
"Guess who's back Cristina Fernandez de Kushner the leftist former president of urgent TNR is now the country's vice president elect thanks to a surprising coalition she formed with the most centers and decided less charismatic Alberto Fernandez the new president-elect on Sunday evening the Fernandez Fernandez de Kirchner double-act defeated incumbent Maurizio Macri who was vying for a second term with more than ninety seven percent of ballots counted Mister Fernandez had forty eight point one percent of the vote compared to Mr Mercury's forty point four percent of voiding any need for a SEC and round it represents a remarkable turnaround for Fernandez de Kirchner who has a slew of open criminal cases against her for corruption and erupted full from grace for mud three who wasn't able to turn around the nation's Faltering Economy Monaco's America's editor at large at Stalker unpacked the backstory Argentina's pen I'm like politics took a swing back to the left on Sunday as a parent friendly that told US coalition celebrated a return to power the presidential election pitted to polarize visions for the South American nation against each other followers of the populace emperor -tection EST policies of Christina finance the case now who governed from two thousand and seven to two thousand and fifteen and those who are now deceased husband Nestor President before her it is the right leaning will market-friendly outlook successor modest your macri no so long ago seemed as though macklowe guaranteed a second term after he had surprised many by beating Ferdinand is the case is era parent than the airline CEO early in the two thousand fifteen election he hated international investors by using Doda currency controls introduced by his predecessor and promise that the country was open to business as Fernandez case was embroiled in action Asians of corruption which saw several of her entourage sent to prison macree assured a change of direction and affects for the country's under-performing academy but he wasn't able to deliver as almost thirty five percent of the country's slipped into poverty last year macrey was forced to return to the international Monetary Fund seen as a bogeyman by many aggravating the country's woes knee aftermath of its recco debt default in two thousand and one else for fifty seven billion. US dollars the largest loan in the organization's history sparring food costs and rampant inflation Shen currently standing at well over fifty percent made matters worse and despite promising never to introduce currency controls earlier this year he restricted Argentinians access to their much loved greenbacks reviving duman black market a hallmark of the previous regime but I thought I see May Medina boy no Muss informacion him up but if you're honest the DC boito no detail procurement do know is somebody going through all the okay up on their to via Hulu which allowed the return of Christina Finan- this will suit of dogged by eleven criminal allegations and how mixed record in office it was clear that she was tainted which is why how much expected political comeback so the former president ron as a VP candidate for her parents ticket alongside a much less colorful and more centrist presidential candidate I'll bet finance this in August Argentina held primary elections essentially a dry run for October and dealt a better blow to macree we lost by over sixteen percentage points to the paranoia sts and was forced to recognize the comeback would be difficult or you're doing it on my lyrics and also the loss of lettuce but I can see that it's going to be secrete did manage a spirited late surge often seen as uncomfortable in the spotlight in the last few months he looked more at ease in the increasingly large accent he was able to convoke warning of the dangers of returning to the post his campaign close in the stronghold city of Cordoba to the sound of local quartet music so an estimated seventy thousand people take to the streets and while he was able to close some of the guy with his rivals in Sunday's vote largely seen as a knee-jerk reaction to the failing economy it wasn't enough to avoid a first round defeat another heavy loss for the ruling relish was felt in the province of born cise when we lost the governorship to former Economy Minister Axel Kissy Lav Mark kids will be fair for what is to come while Alabama of Hernandez has a show that he is his own man and not interested in repeating the misteps at the post applied between him and Christina finance their Kisner who still mobilizes an important base will be fascinating to watch who really holds the key to power will finance manage to hold the center ground and in Argentina's famously factional politics will this marriage of lenience remain for monocle I'm Ed Stalker Ed thank you very much well I'm joined in the studio by Oscar Guardiola Rivera who's professor in International Law international affairs at Birkbeck University of London also because also the author of what if Latin America ruled the world. Also what do you think the answers to Ed questions who really does hold the power in Argentina Wola the president holds powering Argentina. He's very soon he's own man Sir you heard in fact we remember famous fallout between him and Cristina Fernandez occasional back in two thousand eight these very different circumstances there are three key challenges for the Argentine government to stop capital flight to bring back some form of for social cohesion policy and to stop rampant inflation which is very close to sixty percent let's be clear what had this happened has you know the person responsible for what has happened in less than four years in Argentina is Modi's macrey not mismanagement these has nothing to do with the usual sort of natural loss of the market not at all inflation has tripled andor macro we poverty has gun up considerably and this is what June tin people know in this is wise he sought to reassure voters that their bank deposits would be safe under his administration however people are still being withdrawing funds from the bank can he be trusted a- absolutely the case that you know people are have reasons to be concerned factor macrumors government today day after the the electoral sold has capped You know the possibility of withdrawing money to two hundred or access to two dollars two hundred so these indicates that their e- say dire need for renegotiation with International Monetary. Now let us let us recall that Argentine at paid eats external debt and had no external that with the International Monetary Fund after Christina another accuser ended her turn the fact that the that the the IMF is back is something most Argentinians Joan like having he said that that kind of negotiation is necessary because the International Monetary Fund can push for some kind of reduction from other creditors and an extension of the deadlines that is the case because duty macro government also the I Argentina have have come down considerably Argentina has now these almost forty thousand million dollars in serves and obligations for close to thirty three thousand until twenty twenty so the situation is complicated but these requires political maneuver well finance house to reach some time kind of consensus to navigate this very polarized Argentina out of the crisis I wonder how because beyond showing determination to bring about change he's given scant details really were his policies they're there Isa certain vagueness to what has been promised having said that look elsewhere in the neighborhood and you see what is coming popular mobilization that's going to be a decisive factor that means the rentals has the liver and they will try I some kind of renegotiation these will be companion by a reversal of this green you know market friendly policies I mean we called a market-friendly we should call them people unfriendly policies because this is scorched earth economics is up again this is this isn't your usual you know careful reasonable manner dement how you can do what has been done to the tinicum in in less than four years beggars the mind and the recent you know the causes had to do precisely with the way in which money's made in the Americas let's just talk to about the Americas for now but these are you know one motives agree is you know multimillionaire Hanadova Economic Group who has made money in the shadow of the state so what but the Fernandes to try to do is to bring back some kind of a social cohesion policy because poverty in Argentina see take care of some basic and then to begin to bring back some basic services that's what the people in America are calling for from the United States assorted Tina the situation is very similar the current model has failed he has failed the people he has left too many people behind if we if we don't want the final thing it is a difficult thing to do I mean let's be clear the Fernandes half a an APP he'll battle before them having said that they now have a very strong political mandate in that matters most because the solution to these economic problems east political Oscar. Thank you very much indeed that's Oscar Guardiola Rivera here's what else we're keeping an eye on today as we've been hearing Alberto Fernandez elected president of Argentina following an election dominated by concern over the economy the centre-left opposition leader more than forty five percent of the vote ousting service of incumbent Maurizio my pre the two men are due to meet today to agree a transition period in California Governor Gavin Newsom has declared a state emergency with fierce winds fanning the flames and forcing almost two hundred thousand people to flee their home near Santa Rosa the states already experienced the biggest blackouts in its history which left a million people without electricity and Hong Kong has slumped into recession following five months of anti-government protests the city's financial secretary said Hong Kong is now unlikely to achieve its forecast annual economic growth this year over the weekend protesters torched shops and clashed with police were twenty first week police responded with tear gas water cannon and rubber bullets this is the globalist stay tuned now to Australia and joined the Saturday papers chief political cars on and Karen Middleton he tells us why all Australia's papers censored their own content last Monday it's not what you'd normally expect to see in Korean fully functioning democracy the front page of every major daily newspaper blacked out with reductions but all of Australia's major dailies published saints in front pages on the same day last week to kick off a national campaign for greater media freedom and to make a collective and forceful point that the way the government is enacting and interpreting laws obstruct public access to information in a highly competitive market the Australian right to know campaign has united archrivals commercial media including Newscorp Guardian Australia and the former Fairfax conservative coalition the group is demanding the reform of defamation and freedom of information laws better protection from prosecution for missile blows and journalists acting in the public interest and the ability to contest national security search warrants being executed against them over what they published and broadcast the protesters sprung from media coverage of the web of laws the government is introducing to keep watch on Australians in the name of nationals. security and on its attempt to keep secret anything that might be embarrassing back in June federal police raided the Canberra home of Newscorp Journalists Annika Smith host and."