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Argentina’s President Says Election Gains Bolster His Reform Plan
Keywords: Kirchner, Macri, Argentina 2017 Midterm Election,
Argentina's president Macri's party alliance Cambiemos, or Let's Change, wins in 5 of Argentina's largest electoral districts, becoming the first to do so since 1985. The opposition under former president Christina Kirchner remains divided. Though Macri's bloc in parliament is still a minority bloc, it gained a significant number of seats in the midterm elections, increasing the prospects for reforms in labor, tax, and pensions proposed by Cambiemos.
Though Chrisitna Kirchner won a seat in parliament in the election the Peronist Party she leads remains a much weaker force today. For a decade after the Argentine financial crisis the Kirchners remained popular following a rejection of international creditors, now the opinion has shifted about the Peronist party, and the direction of the country has shifted towards integration in the world economy. Under Macri a settlement was reached with international creditors so that Argentina can get new international financing.
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