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Title : Conservative Argentine President Macri Suffer A Massive Defeat In Primary Elections On Sunday
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Conservative Argentine President Macri Suffer A Massive Defeat In Primary Elections On Sunday

BBC: Argentine leader Mauricio Macri trounced in primary vote

Conservative Argentine President Mauricio Macri suffered a resounding defeat in primary elections on Sunday.

The primary, in which presidential candidates from all parties take part, was won by his left-wing rival, Alberto Fernández.

Mr Macri, whose austerity measures have turned many voters against him, is hoping to win a second term in office in the presidential poll on 27 October.

But analysts say his chances of beating Mr Fernández now look very slim.

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Update #1: Macri suffers crushing defeat in key Argentina primaries (AFP)
Update #2: Argentine peso crashes after Macri gets thumped in primary election (Reuters)

WNU Editor: Argentinians have clearly signalled that they do not want to endure any more austerity, and they want the previous political party (that put them in the mess that they are in) back in power. Not surprising, investors now want out of Argentina .... Argentine election surprise triggers crash in peso and bond sell-off (CNBC).

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