Argentine midterm primary delivers political slap to leader Fernandez
(Reuters) - A possible re-election bid by Argentine President Cristina Fernandez seemed less likely on Sunday after Buenos Aires province rejected her candidate in the midterm congressional primary, nominating instead a pro-business, small-town mayor.
The win by Sergio Massa - from the affluent suburb of Tigre, known for its picturesque canals - makes him a national figure and may set the stage for him to run for president in 2015.
Argentine bonds were expected to rise after Massa easily won his primary against a candidate hand-picked by left-wing nationalist Fernandez. Nationwide, her coalition clinched only 25 percent of the vote. Wall Street analysts had said anything less than 40 percent would boost Argentine asset prices.
Re-elected in 2011 on promises of increasing government's role in economy, Fernandez says she is not thinking about a possible third term. But talk persists that her supporters want the constitution amended to let her to run again.
http://uk.reuters.com/article/2013/08/12/uk-argentina-primary-idUKBRE97A0EE20130812