Word: kirchners
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...fact, it was Chávez's electrifying emergence a decade ago that paved the way for the election in this decade of other, albeit more moderate leftist heads of state like Brazil's Luiz Inacio Lula da Silva, Argentina's Nestor Kirchner and Chile's Michelle Bachelet. Venezuelans may be reminding Chávez that, like his revolution's namesake, 19th-century independence hero Simon Bolivar, he stands to have a positive place secured in Latin America history. Their message on Sunday: Don't blow...
...Constitutions that would let them run for re-election indefinitely. In Nicaragua, President Daniel Ortega, hoping to relive the broad Marxist powers he enjoyed as President in the 1980s, is ruling virtually by decree. In Argentina, many suspect that the leftist husband-and-wife team of outgoing President Nestor Kirchner and President-elect Cristina Fernández de Kirchner intend to alternate in the Casa Rosada (the Pink House, or presidential palace) well into the next decade if not beyond. And in Colombia, supporters of conservative President and staunch U.S. ally Alvaro Uribe are clamoring to change their magna carta...
Five years later, Argentina's rapid recovery still has analysts doing double takes. Since President Néstor Kirchner was elected in 2003, annual growth has averaged 9%, the best in Latin America. Argentina has parlayed a cheaper but stable peso into record export earnings. "Argentina," crows Central Bank president Martín Redrado, "is enjoying its most solid macroeconomic context of the past 30 years." In Brazil, Lula's election (and 2006 re-election) did not render the region's largest economy a leftist basket case. Instead, inflation has fallen from 12.5% in 2002 to less than 4% today. Brazil...
Argentina has danced the most difficult tango. Kirchner--whose wife Senator Cristina Fernández de Kirchner was elected to succeed him as President last month--took populist measures to keep the country of 40 million governable. He renationalized some utilities and set export limits on essential goods like meat to moderate prices. But rather than blow a windfall from commodity exports--prices for Argentine products like soybeans have hit all-time highs in recent years--Argentina replenished its foreign reserves (a record $44 billion today), pared debt and built a strong fiscal surplus. "Overspending and overindebtedness caused the crisis," says...
...With reporting by Stephanie Kirchner...