For Luis Joaquin Caro, who was about 2 years old when Argentina last defaulted o...
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.
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. For Caro and many other young voters in Argentina, talk of the pain surrounding the 2001 crisis was eclipsed by generous social benefits and subsidies under the Kirchners’ that helped pluck their families from poverty after the debt default.
To make matters worse, salaries have eroded significantly. That is an extra sting for young voters who are new to the workforce and feeling the pinch in their own pockets for the first time.
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