WASHINGTON — Argentine President Cristina Fernandez saw her allies take a hard beating in Sunday’s midterm election, which shrunk her congressional majority.
Reuters reported that this dealt a huge blow to her effort to change the country’s constitution to allow her to run for a third term. Now it allows politicians to gear up for a run to replace Fernandez in 2015.
She promised, when re-elected in 2011, to increase government control of the country’s economy. It blew up in her face as inflation spiraled out of control at 25% and whose currency controls and decreasing central bank reserves hit consumer and investor confidence hard.
Fernandez hurt her head in an accident and is currently recovering as it led to several complications of brain fluid and the like.