Stuart Culverhouse Head of Sovereign & Fixed Income Research
June 13 2019
Argentina: New alliances to temper market rally
As we anticipated yesterday, Sergio Massa finally confirmed his alliance with the Alberto Fernández-Cristina Fernández (F-F) Peronist alliance (PJ, UCR and some other smaller parties). Both President Mauricio Macri and F-F have been courting Massa, valuing his support base (c10%, according to polls) and seeing an opportunity to broaden/moderate their own platforms, although recent days have suggested that Massa was more likely to join F-F.
This was one of a few developments in Argentina with the expiry of the 12 June deadline for forming alliances ahead of the presidential election in October. It followed Tuesday’s surprise news that President Macri had picked a moderate Peronist (PJ), Senator Miguel Pichetto, as his vice-president running mate...
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