Comment: on the left of the pivot in the economic crisis

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In the presidential elections in Argentina, the citizens have given back to the Peronism to Power. An election outcome with many Unknowns, says Cristina Papaleo.

The election winner: Alberto Fernández and Cristina Kirchner.

In the midst of a deep economic crisis in the Argentine presidential elections with Alberto Fernandez and his Vice-President Cristina Kirchner – a success for the left-wing Peronism. For most Argentines hope for a better future was stronger than the fear of a relapse in the past. However, the polarization of society continues and is stronger than ever.

The victory of the Left, following four years of a neoliberal government, Mauricio Macri, has not succeeded in spite of all the reform will help the economy to a recovery; instead, it deepened the social inequality. Macri promised in his inaugural “Zero poverty” – something that was in a country with deep economic structural problems, with a more or less high degree of corruption, cyclical economic crises and a permanent debt within a few years is impossible. The Macri-awaited foreign investment never came. On the contrary, Inflation has skyrocketed and is at the end of the year at nearly 59 percent. The result at the ballot box, the response of the voters on the unfulfilled promise.

President Mauricio Macri in the case of the voting

The reform policies of Macri was, especially at the end, confused and inefficient. Finally, he had to resort to the same brakes as its predecessor, such as capital controls, which he had refused until then, vehemently. Macris Failure shows that good intentions and international financial institutions, targeted policies are not sufficient to lead a country out of the crisis. In a democracy, you can’t afford to provide the needs of the population aside. That this bad habit is widespread in Latin America, can be read in the shock waves, in countries such as Chile and Ecuador shake. In Argentina, the social ditch has become ever greater. The reason why there have been no mass protests in Argentina, was the expectation of the people, in the election next Sunday (27.10.) the political Signal to change set.

And so has decided to Argentina again for a well-known government model. But the uncertainty and the bleak economic Outlook, leave no room for populist recipes, but require creativity and a vigorous crackdown to find a way out of the crisis. 16 million people live in Argentina in poverty, one out of three children is hungry. The International monetary Fund (IMF) approved a loan in the amount of 57 billion dollars, the need to negotiate the future of the government, is a heavy burden for a country that is on the verge of economic collapse.

Alberto Fernández has yet to prove that he can keep his Vice-President in check

The new government, many question marks hang. The Duo of Fernandez-Kirchner is carrying the burden of decades of Kirchner’s art, of an authoritarian and corruption cases, stressed government style, the citizens of 2015 abwählten. The most important question now is, what is the impact of the Expräsidentin, which will have a new Vice-President Cristina Fernández de Kirchner in the new government and how the judiciary with the 13 corruption cases will handle you attach. With regard to the future economic course of Argentina, you have to wait and see how the new President, Alberto Fernández defines his economic policy more closely.

Fernández will have to take measures that are popular. You should be moderate and well thought out, it could create valuable trust. Also in the own ranks remains to be seen how the left-wing Kirchner-wing will respond within the Peroni on the necessary measures. The choice of the winner of Fernandez and Kirchner have already made it clear that they want to strengthen the human rights and equality. In addition, the new government confirmed its support in Argentina controversial law on the legalization of abortion. Here, too, will show whether the new government keeps its promises.