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Voting starts in Argentina, Fernandez favored

2011-10-24 8 Dailymotion

Voting begins in Argentina as center-left President Cristina Fernandez appears ready to win a blowout re-election victory that could<br/> lead to more state intervention in the economy.<br/> The combative 58-year-old leader has snapped back from the low approval ratings that dogged her during much of her first<br/> term. She has been helped by an economy growing at about 8 percent annually.<br/> Polls show Fernandez taking a landslide victory on Sunday, with enough votes to avoid a runoff. That would give her a<br/> mandate to continue with policies that have riled pro-market farmers and business leaders. She may also regain the control<br/> of Congress that she lost in the 2009 mid-term election.<br/> The sharp-tongued former senator has nationalized private pension funds, raised taxes on soy exports and kept quotas on<br/> wheat and corn shipments. Growers say such interventionist measures dampen much-needed investment in agriculture, which is<br/> the country's top source of hard currency.<br/> To win re-election on Sunday, Fernandez needs at least 45 percent of the vote or just 40 percent with a lead of 10<br/> percentage points over her closest rival.<br/> Deborah Lutterbeck, Reuters

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