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Not Your Father's Peronists: Why Macri Flopped With Young Argentines

Reuters

   BUENOS AIRES - For Luis Joaquin Caro, who was about 2 years old when
   Argentina last defaulted on its debt in 2001, casting his vote for
   left-leaning Peronist candidate Alberto Fernandez in the country's
   recent primary election was a no-brainer.

   "During the Kirchner years, I lived very well," he said, referring to
   what now seems like a bygone era of his young life before four years of
   spending cuts and austerity measures under President Mauricio Macri.

   "Today, it's not like that," said Caro, who is from a working-class
   part of Buenos Aires Province. The 21-year-old said he had always seen
   former President Cristina Fernandez de Kirchner and her late husband
   former President Nestor Kirchner - whose consecutive terms spanned 2003
   to 2015 - as champions of the workers.

   Cristina Kirchner, a polarizing figure in Argentina, is the running
   mate of Fernandez, whose landslide victory over Macri in the Aug. 11
   primary wrong-footed pollsters and shocked investors, who worry that
   Argentina may fail once again to pay its debts if the left returns to
   power.

   Argentine markets plunged into a nosedive last week amid growing fears
   about a rerun of "Kirchnerismo," when Argentina had currency controls
   and other interventionist policies.

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