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## Argentina’s Primary Elections: A Crucial Moment for the Country’s Future

**BUENOS AIRES, Aug 13 (Reuters)** – On Sunday evening, polling stations in Argentina closed after primary elections, which are expected to send a strong message to the ruling center-left Peronist coalition. The primary elections come at a critical time for the country, as it grapples with an inflation rate of 116% and a widespread cost-of-living crisis that has pushed four in 10 people into poverty.

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These primaries are compulsory for most adults, with each person having one vote. In essence, the primaries serve as a massive dress rehearsal for the upcoming general election in October, offering a clear indication of the frontrunner for the presidency.

The outcome of these elections will have far-reaching implications for policies that impact various sectors in Argentina. These include the country’s substantial agricultural sector, which is one of the world’s top exporters of soy, corn, and beef. Additionally, the results will also influence the fate of the national currency, peso, and bonds, as well as ongoing negotiations over a significant $44 billion debt deal with the International Monetary Fund.

The economic crisis has left many Argentines disenchanted with the two main political parties: the Peronist coalition and the conservative opposition Together for Change. As a result, there is a potential for a surprise victory by a far-right libertarian candidate.

“This is another opportunity we have to bring about change. Rampant inflation is taking a toll on us, and the uncertainty surrounding jobs prevents adequate life planning,” expressed Adriana Alonso, a 42-year-old housewife.

As official results are expected later in the evening, attention is focused on the internal leadership race within the conservative party and the wildcard candidate, Javier Milei, who represents the far-right libertarian ideology. Preliminary reports suggest that Milei may be performing surprisingly well, although it is acknowledged that there is still a long way to go.

Some voters have expressed their intentions to cast protest votes for fringe parties or not vote at all, a trend that could work against the more moderate presidential candidates in the race. Among these candidates are Buenos Aires Mayor Horacio Larreta, representing the right-of-center ideology, and Economy Minister Sergio Massa, who may be the Peronist coalition’s strongest contender.

“I am contemplating leaving my vote blank,” shared Micaela Panzera, a 22-year-old employee of a food company in Buenos Aires. “None of the candidates truly convinces me.”

The voting process on Sunday saw long queues and occasional chaos, with complaints of delays and glitches in the voting system.

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The largest leadership race to watch is within the Together for Change coalition, pitting Larreta against his more hard-line conservative rival, Patricia Bullrich, a former security minister. Both candidates are advocating for more austerity measures and a more liberalized market.

An unpredictable factor in the elections is libertarian economist Javier Milei, who has gained significant support in opinion polls, with nearly one-fifth of the predicted vote. His unconventional and unapologetic style has resonated with voters, as he calls for the dollarization of the economy and the closure of the central bank.

“If the libertarian candidate performs strongly, it would constitute a surprise outcome and could potentially lead to a three-candidate race in October,” stated investment bank Goldman Sachs in a note.

Pollsters anticipate low voter turnout despite the fines imposed on those who abstain from voting. There are expectations of higher abstention rates and an increase in blank votes. Warning signs of this trend have been observed in previous provincial elections, according to political analyst Carlos Fara.

“Milei’s performance is the most challenging element to predict, as he represents a phenomenon outside the political norm,” Fara added.

Opinion polls indicate that the combined opposition candidates from the Together for Change coalition are slightly ahead of the Peronist bloc, with Milei garnering close to 20% support. However, accurately predicting the election outcome remains a challenging task, given the inaccuracies of previous polls during the 2019 primary elections.

Whoever emerges victorious in the October elections, or more likely in a November runoff, will face significant challenges in rebuilding depleted foreign reserves, boosting agricultural exports, curbing inflation, and navigating complex currency control policies.

Jorge Boloco, a 58-year-old merchant, emphasized the need for Argentina to embark on a clear path toward the future, while acknowledging that none of the political parties offer a compelling vision for progress.

Maria Fernanda Medina, a 47-year-old teacher, expressed her diminishing faith in politicians’ ability to bring about meaningful change after numerous cycles of recurring economic crises. Nevertheless, she remains cautious but hopeful, stating, “We cannot lose all hope, right?”

Reporting by Nicolás Misculin; Additional reporting by Candelaria Grimberg, Walter Bianchi, Lucila Sigal, Maximilian Heath, and Jorge Otaola; Editing by Adam Jourdan, Paul Simao, and Chris Reese

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