Argentine midterm primary tests Cristina Fernandez' popularity
BUENOS AIRES (REUTERS) - Argentine President Cristina Fernandez faced a tough midterm primary election test, with early results showing headwinds to any effort by her allies to pass a constitutional amendment allowing her to run for a third term in 2015.
Candidates for October legislative elections are being chosen. With no competition among candidates on the lists offered by most parties, and with voters allowed to split the ticket among their choices for the Chamber of Deputies and Senate, Sunday's vote serves as a mega-opinion poll on Ms Fernandez's heavy-handed trade and economic policies.
An over-valued currency, protectionist trade policies, ever-tightening foreign exchange controls and Ms Fernandez's decision to nationalise Argentina's private pension system and top oil company YPF have upset investors and trade partners.
Argentina's bond investors and those interested in its vast farm and shale oil resources watched the primary for signs that voters may be tiring of Ms Fernandez's approach and are ready for a market-friendly leader in 2015.