Sunday, November 29, 2015

Macri Wins Argentinian Presidential Elections, Ousting Peronists

Argentina's presidential elections were held last week, and the end results were rather stunning to many.

Mauricio Macri, the conservative candidate and former mayor of Buenos Aires, stunned many people by winning the election that brought to an end a dozen years of Peronist rule in Argentina. The Peronists have traditionally dominated Argentinian politics for many decades now.

However, they were blamed for the economic stagnation that the country - which has Latin America's third largest economy behind Brazil and Mexico - has suffered through. Many felt that the country was held back by the protectionist policies of the ruling Peronists.

Also, many Argentinians were sick of President Cristina Fernandez, who had a confrontational manner, Macri won over enough Argentines with his promises to liberalize the economy and weed out corruption.

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