Yesterday Argentina woke up to the shocking defeat in the primaries of current President Mauricio Macri and the subsequent crash of its Peso currency and the stock market. Leftist Alberto Fernandez won the primaries by a large majority of 16% more votes than his rival, leaving little hope for a Macri’s victory in the presidential election coming up in October. The vote was seen by many as a test of Macri’s austere economic reforms that brought the main contestant to criticize the current president for raising short-term debt to unsustainable levels and the election results reflect Argentinians’ declining faith in the ... (full story)