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Argentine opposition candidate says ‘dialogue open’ but blames President Macri for market meltdown

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The primary results sent a shockwave through markets on Monday amid fears of a return to the past interventionist policies of Cristina Fernandez’s government, with the peso plunging 30 per cent to a record low before recovering slightly

Presidential candidate Alberto Fernandez pulled off a stunning upset in the primary with a wider-than-expected 15-point lead over incumbent President Mauricio Macri.Opposition candidate Alberto Fernandez said he was willing to collaborate with Argentina’s current government after his landslide victory in Sunday’s primary election sent the peso currency, stocks and bonds reeling, but he placed responsibility for the market meltdown on President Mauricio Macri.

“The dialogue is open, but I don’t want to lie to Argentines. What can I do? I’m just a candidate, my pen doesn’t sign decrees,” Fernandez said in an interview with Argentine TV channel Net TV broadcast late on Monday. Monday’s crash in the peso unnerved emerging market investors, with markets already jittery over the Sino-US trade war.

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