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Bloomberg
Argentine opposition candidate Alberto Fernandez said he won’t lead the country into default if he wins the presidential election in October, seeking to reassure investors who fear a new government might renege on its borrowings.
“What we can guarantee is that we aren’t going to fall into a new default. I received an Argentina in default. I don’t want Argentina to fall back into that,” Fernandez, 60, said in reference to his stint in Nestor Kirchner’s government at the beginning of the century when the country was emerging from a devastating debt default.
Fernandez and his running mate, former President Cristina Kirchner, are trying to broaden support among independents and their Peronist movement ahead of the August primary elections to represent the party in the October 27 national election. The mere possibility of populist Kirchner returning to power roiled markets. President Mauricio Macri is the favourite of investors, though since taking office in 2015 he has presided over two recessions, soaring inflation and a collapse in the currency that forced him to seek an IMF bailout last year.
Fernandez said that he will pull his country out of its latest crisis by falling back on his experience in turning around Argentina in the wake of the 2002 default and banking crisis.