On the night of November 14, Argentine President Alberto Fernández euphorically celebrated an electoral defeat. Earlier that day, in the legislative elections, the ruling Peronist coalition –Frente de Todos– obtained only 33.5 percent of the national vote against 42 percent of the opposition coalition Juntos por el Cambio. Why was the president celebrating, then, apart from lifting the spirits of Peronist supporters?Read more +
Mauricio Macri has good reason to celebrate: Argentines just gave a strong endorsement to his reform agenda. To capitalize on these results, Macri will need to pick his battles carefully, resolve inconsistencies in his economic program, and show concrete results to maintain the trust of investors and citizens alike.Read more +