Argentina's Kirchner returns as Peronists eye comeback against Milei

Published 12/11/2024, 06:18 PM
Updated 12/12/2024, 02:11 PM
© Reuters. Argentina's Former President Cristina Fernandez de Kirchner speaks next to German Martinez, Jose Mayans, Lucia Corpacci and Ricardo Pignanelli during a rally for Kirchner to assume the presidency of the Peronist opposition Justicialist Party, in Buenos Ai

(This Dec. 11 story has been corrected to say that Kirchner ran for vice president in 2019, not last year, in paragraph 5)

BUENOS AIRES (Reuters) - Argentina's former President Cristina Fernandez de Kirchner took the helm of the Peronist party on Wednesday, vowing a comeback to take on the highly popular libertarian President Javier Milei, who took office last year.

Kirchner has a daunting task ahead: reuniting the long-standing party that fractured after Milei's election. Until then, Milei was known as an eccentric economic commentator.

Milei promised to oust those he deemed as the political elite and to take a chainsaw to the subsidy-heavy state.

"When you have a crazy-looking neighbor who comes out in his backyard wielding a chainsaw ... even if he swears he won't do anything to me, I'm still going to lock myself in my house," Kirchner said of Milei on Wednesday.

Kirchner ran in the 2019 election as the Peronists' vice presidential candidate, alongside former President Alberto Fernandez.

Milei's approval rates after a year in office remain high as his austerity measures have steadily brought the South American nation's triple-digit inflation rates down.

Kirchner was once the face of Peronism. She served two consecutive terms as president from 2007 to 2015, and was vice president under President Alberto Fernandez from 2019 to 2023.

© Reuters. Argentina's Former President Cristina Fernandez de Kirchner speaks during a rally after assuming the presidency of the Peronist opposition Justicialist Party, in Buenos Aires, Argentina, December 11, 2024. REUTERS/Tomas Cuesta

She has lost popularity in recent years as her legal challenges mounted. Last month, a court upheld her conviction for doling out state contracts to a friend, carrying with it a six-year prison sentence and a lifetime ban from holding office.

Kirchner has denied wrongdoing and is expected to take the case to the nation's Supreme Court.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.