a welcome to the program and has a seeker arjen times have voted overwhelmingly for change and are looking to alberta too often and is to steer them out of a critical ing economic crisis the presidential election result there marks a shift back to left wing politics in south america following right wing victories in brazil colombia and shelley argent tines rejected the austerity measures of president. his conservative policies fail to stop the slide towards another massive bailout from the international monetary fund with former leader cristina fernandez de kirchner running alongside him as vice president the new leader also seems to offer arjun tines a return to the pasta we'll hear more about the challenges ahead but 1st said i sub 0 reports from when a sars. a party when a site is to celebrate the victory of over the for a man this and the defeat of precedent. only listened leonsis she's proud of the result. yes yes yes yes all my life i've been fighting for social justice in the past 4 years have been torture for me seeing how the economic situation deteriorated because of mccray now i

front to everyone everyone's for and friend day that it's for every single arjun tying citizen every arjen time that's who we're here for because the government so as christina said the times coming down. times are not easy it's not going to be easy the dr love i knew i'd like to think of to to thank him for calling me so quickly to acknowledge the results my victory i'd like to thank that opponent tomorrow as president maki announced i will meet with him and we will begin to speak about the time that remains in his term and we'll start to. discuss think about what's going to be done in the time that remains for him because it's up till december 10th the president makris president till december 10th and but of course of course though. we are going to collaborate in everything we're able to work together with him and because the only thing we're concerned about is that that arch in time to stop suffering once and for all what we need is to stand argentinians back up again and get up so back up on our feet our commitment is the each and everyone every arjen time so we will be there. let me.

previously passive and obedient arjen population are sometimes called this passive and obedient arjen population are sometimes called the special interests who are beginning to organize and try to end. the political arena and national interests were beginning to organize and try to enter the political arena and they said that imposes too much pressure on the state can't deal with all the space it that imposes too much pressure on the state can't deal with all these pressures so therefore they have to return to passivity and become pressures so therefore they have to return to passivity and become the politicized. people in this us to convince or burn into you are particularly concerned with what was happening to young people the people young people put it into your own 2 feet are you going to get independent it. is always it. is always a put it there's a failure on the part of the schools the universities church they put it there's a failure on the part of the schools the universities churches the institutions responsible for the indoctrination of the young just the institutions respo

landslide is opposition candidate alberto fernandez he's benefited from the disappointment felt by many arjen times over mockeries unsuccessful handling of the economy mccree came to power in 2015 promising market reforms open door trade policies and strong investment but 4 years on the argentine economy is shrinking an annual inflation stands at more than 53 percent in a primary vote in august seen as a dress rehearsal for the election mockery suffered a shock landslide defeat fernandez won by a massive 16 percent polls now predict that fernandez will win the presidency out right without the need for a 2nd round runoff a win for fernandez would also spell the return of argentina's controversial former president cristina kirchner who is running for vice president she's a polarizing figure a populist who retains a huge following and is viewed as a champion of the poor yet she also faces investigations into fraud and money laundering. economists are predicting that a win for fernandez could exacerbate economic volatility. after the primary vote financial markets were thrown into turmoil and the

inspector general thought the initial whistleblower brought forward something that was credible and arjen so had to be dealt with and of course donald trump said well that whistleblower wasn't there they're getting 2nd time information this is all here see what we have know is a 2nd whistle blower coming forward not with a new complaint saying i corroborate what happened but also it appears from what we can gather is that this person was in the room maybe not on the call but certainly in the room and they have no going to the inspector general of the intelligence community to back that up as well so all this does is add fuel to the fire for the democrats they're saying look this isn't just someone acting on their own this is know being corroborated although we go partial corroboration from the transcript and so it undermines a plank of donald trump's defense so tell us more about the reaction from the republicans we just played a little bit of senator ron johnson trying to defend the president on on meet the press but there have been numerous reports of many journalists i'm sure yourself

transition period please this is for argentina the orderly transition that brings tranquility to all arjen times because here the only important thing is the future and well being of argentines the big question in argentina is what's coming next the question then becomes of the what next are we going to see an economic plan are we going to see a cabinet and who will be in charge of that crucial renegotiation with argentine creditors. the new president takes office in december but argentina needs an urgent plan to stabilize the economy these people want to believe the best is yet to come. or staying with her story a victory for fun and is a return to power for the populist party that's governed latin america's the biggest economy for all but 6 of the past 30 years the defeated president represents a conservative pro market and more capitalist approach which failed to stop the economic decline and falling value of the peso fernando's and represent a populist style of politics inspired by the former president honda on and his more socialist approach to government divisions of deep within soci

of politicians they'll be looking for an extreme alternative and that invites people like nigel for arjen of the extreme elements within british politics maybe to gain electoral advantage bob just say this by way of the sort of this utterly naive assumption that there is an easy thing to do to leave the euro peon union as if 40 years of economic ties and deep. regulator e procedure in legislation can be as made as if the northern ireland border question can be solved just like the these are deeply difficult questions and the kind of punch and judy politics that we see played out in the referendum just doesn't lend itself to the realities of the modern world and as much as people will say well it's hysterical language i think that everybody agrees that the consequences for britain will be some economic harm what some options will be worse than. but everybody agrees we're going to take a step back and i we really going to sit as men of my age i'm 60 now and tell our grandchildren that we we doused britain in an economic an inferno or because we didn't like the polish guy 78 test goals i mea

monday the country's central bank has been the brakes on optimism by limiting the amount of dollars arjen times can exchange. effective today we have reduced to $200.00 u.s. dollars monthly as the maximum amount that can be purchased by individuals with prior authorization from the central bank i know that this measure even being a temporary one is very strict and it impacts a lot of people. the goal is protecting the peso it tumbles sharply in august when our president. to be present in resale mockery in the primaries fears over a ruling center left government prompted people to sell off their pesos fernandez address those concerns election night that is where we are of course going to work together as closely as possible. because the only thing that will concern us is stopping the suffering of argentinians once and for all but the morning after brings mixed reactions. that the truth is that i am very happy with the change. we didn't want the government to stay in office and we hope that things change a bit because it has been really hot. this. not everyone is happy. as sad as it seems t

the inspector general for the intelligence community who phoned the that complaint was credible and arjen republican said well this came to the fox whistleblower by someone else by a 3rd party he was acting on here see what we have know is the 2nd whistleblower coming forward who was actually in the room they might not be in the call but they were actually in the room so they are corroborating a lot of what the force whistleblower said oh you remember that one of donald trump's planks of his defense was that i'm going to release the transcript and the white house did in fact release partial transcript of the call with the president of ukraine but all that did was confirm a lot of what the farce whistleblower said so this is just adding to donald trump's problems with democrats that they will continue to use this as a stick to beat him with and certainly reinforces the impeachment campaign at this stage as we saw just a few minutes ago at least one republican senator did agree to go on the sunday talk shows and and attack the cia attack the f.b.i. and defensive of president trump what is t

tranquility to all arjan times because here the only important thing is the future and wellbeing of arjentimes. has more now from what is ours. well the center of went outside a few fields with people celebrating chanting the return of the peronist party to power something that they're saying that in the end once again this election is confirmed the fight for social justice that the peronist party is known for we just heard elected president about a foot a man misspeaking about unity speaking to those who did not vote for him asking for their help saying that the times that are coming in argentina are going to be difficult ones especially because of the economic situation and this is something very important because there are many people in this country who are afraid of the comeback of the paralysed party of of the party or former president cristina fernandez de kirchner who's currently running who's currently vice president has recently been elected as vice president in that country so a lot of the from this message has also been for him we also heard president. talking about a peaceful

a welcome to the program and has a seeker arjen times have voted overwhelmingly for change and are looking to alberta often and to steer them out of a critical economic crisis the presidential election result there marks a shift back to left wing politics.

one to mingle peron and his more socialist approach to government divisions are deep within society arjen tie ins are looking now and how the new leadership will tackle the economic crisis robert valencia is a latin america analyst he's also the former deputy global editor at newsweek joins us on skype from new york good to have you with us so why did the market reforms of money so my cream fail i mean he did most things that i think. the market would have expected from him cutting the budget and so on. but i think there are a couple of reasons 1st of all i think he took too long to accept the a long from the international monetary fund that would have helped boost the economy also when he tried to open you know now i'm sorry the argentine economy to international markets the argentinean pittsford crude not withstand the facts of the of the u.s. dollar hence we see this kind of for devaluation of the potential i think i have to say there's unfortunately might creep over promise thank you deliver so little i think it's unfair to be place the blame on him entirely but the problem is that ar

new president that has a better finance gets to grips with currency and debt problems its ordinary arjen times who are feeling the pinch as the risible reports what is are is even raising a family has become a challenge. it's late afternoon in legarda a poor neighborhood in one of. my account appeal is trying to prevent the rain from destroying the police she lives in with her children. she has 11 of them and these days feeding them has become a major challenge so i go and beg on the street i'm not ashamed i sometimes work at a soup kitchen and feed children there and my kids get a meal in some of the schools a recent study shows that poverty rates have been on the rise in the past year the economic crisis has mostly caused by the devaluation of the piece or has had a big impact on people's lives and the 55 percent inflation rate is making it difficult for them to buy food around 50 percent of the children in arjun are poor this not only tradition but also violence we're told that many of the kids are living here and up close and killed. one of my sons was killed in a shooting she's desp

that and what did the government do late on sunday night they announced a more currency controls of arjen times were able to buy up to $10000.00 a month until sunday well from now on it's only going to be $200.00 then business shock to many people here in argentina because this is out by monetary system where people save in u.s. dollars so now they won't be able to do that so this has been brought about in order to bring certain calmes to the current situation and this is definitely going to have a big impact among immigrants here for example people from venezuela from bolivia from paranoia generally send money abroad so there's 44 days left until the new president takeoff is. this wanted to be a stable as possible and if mike lee makes it till the 10th of december that's when the handover ceremony would take place he would be the 1st non peronist president that finishes his mandate since argentina return to democracy in the 1980 s. . this is quite a comeback for courage to particularise notes was it all down to economics. while most definitely it's been a very very big comeback for her a

found it in 2015 we're going to do everything we can to give you the best chance of succeeding for arjen ties and so the measures are temporary for 90 days like most of the measures that markley has taken since the primaries in august so the question then becomes what does alberta fernandez to afterward. i didn't tina is struggling with inflation and has lost $22000000000.00 of free service since august. stability is the one thing that all political parties seem to be longing for until december 10th that's when the new president will be sworn in. when i say to. join us on this year's 100 here on arjun time political economist from kings college here in london thanks for coming in so just to go back to it tourism mentioned it though the economic situation pretty serious what went so wrong for from actually to end up at this point but really i would say 3 things are there to be taken into account to be factored in so 1st of all by long term structural conditions of the ocean economy such as high inflation. flows and then we investment that's like that's been there forever and has been ther