Fernandez Invokes Husband in Opening Argentina Re-Election Bid
June 21, 2011, 11:18 PM EDT
By Eliana Raszewski
June 22 (Bloomberg) -- Argentine President Cristina Fernandez de Kirchner said she will honor her late husband’s legacy by running for re-election in October, ending weeks of speculation about whether she would enter a race she’s favored to win by a landslide in polls.
Fernandez, 58, said yesterday that while she waited until four days before a filing deadline to announce her candidacy, she knew she’d seek a second, four-year term the day after her husband, former President Nestor Kirchner, died of a heart attack last October.
“I always knew what I had to do and what I should do,” Fernandez, dressed in black, said in a nationally-televised address from the presidential palace in Buenos Aires. “We will submit ourselves to this one more time. My decision is irrevocable.”
Since Fernandez succeeded her husband in 2007, Argentina nationalized its $24 billion pension fund industry, took over the flagship airline and fined analysts who criticized the government’s inflation index. While foreign investment has trailed its regional peers, a surge in prices for soybeans helped South America’s second-biggest economy recover from the global financial crisis and is expected to fuel growth of 7.7 percent this year, according to Goldman Sachs Group Inc.
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