Forum Views ()
Forum Replies ()
Read more with google mobile :
Acrimonious Peru election headed for photo finish
|
Edition:
U.S.
Article
Comments (0)
Slideshow
Full Focus
Photos of the week
Our top photos from the past week. Full Article
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Hair in Casey Anthony's trunk may be Caylee's: expert
04 Jun 2011
Rising Missouri River forces more evacuations
04 Jun 2011
U.S. tries to reduce more homeowners' mortgages
04 Jun 2011
Girl falls to death from New Jersey Ferris wheel
03 Jun 2011
UPDATE 2-US oks restart of Keystone pipeline to ship Canada oil
04 Jun 2011
Discussed
76
150 economists back U.S. Republicans in debt fight
61
Moody’s sounds alarm over U.S. debt limit and deficits
54
”The world is getting warmer”: Romney
Watched
Scientists revive ancient spider in stunning 3D detail
Tue, May 24 2011
Latvian blondes prove they have more fun
Thu, Jun 2 2011
Aftermath of the attack on Saleh
Sat, Jun 4 2011
Acrimonious Peru election headed for photo finish
Tweet
Share this
Email
Print
Factbox
Recent polls in Peru's presidential race
Sat, Jun 4 2011
Analysis & Opinion
Party wins big in Vietnam, but with a few twists
Desecrations of Divine Shepherdess images stir polarized Venezuela
Related Topics
World »
1 / 5
Peru's presidential candidates Ollanta Humala and Keiko Fujimori (L) wave at the end of a debate in Lima, in this May 29, 2011 file photograph. Polls leading up to Sunday's runoff election gave different results but showed a technical tie between the two.
Credit: Reuters/Pilar Olivares/Files
By Caroline Stauffer and Terry Wade
LIMA |
Sun Jun 5, 2011 1:13am EDT
LIMA (Reuters) - The right-wing daughter of a jailed former president faces a leftist former army commander in Peru's presidential election on Sunday in a combative race to lead a young democracy and booming economy.
Opinion polls show an extremely close vote between Ollanta Humala, a career military man who has moderated his anti-capitalist views since narrowly losing the 2006 election, and lawmaker Keiko Fujimori, the 36-year-old candidate favored by business leaders and investors.
Most recent polls have shown Humala with a thin lead over Fujimori, although locked in a statistical tie after accounting for margin of error. But a poll by Ipsos on Saturday showed Humala ahead by 3.8 percentage points, giving him what would be a clear, though narrow, win.
The contest has tightened as Humala attacked Fujimori for having worked in the government of her father, Alberto Fujimori, who ruled Peru during the 1990s and shut down Congress to consolidate power in 1992.
The younger Fujimori has shot back by warning that Humala might dismantle the free-market reforms first implemented by her father and that helped spur an unprecedented economic surge over the past decade after years of chaos and guerrilla wars.
To appeal to undecided voters in a runoff campaign that has polarized Peru, Fujimori apologized for her father's excesses, while Humala promised to manage the economy prudently and respect foreign investors who plan to pour $40 billion into mining and oil projects in the country over the next decade.
Investors are wary of Humala, however, and Peru's currency and stock market have slumped whenever opinion polls show him gaining ground. Peru's stock market lost $14 billion in the weeks since Humala won the first-round vote in roller-coaster trading, before recovering ground.
'DEMOCRACY, NOT DICTATORSHIP'
"We are proposing democracy, not dictatorship ... with development, social and economic inclusion, as well as economic growth," Humala said as he wrapped up his campaign.
Although they come from opposite ends of the political spectrum, critics say both have an authoritarian streak.
They have both called for better social programs and say Peru's rapid growth of the past decade has failed to lift up the one-third of Peruvians mired in poverty.
Humala, who led an unsuccessful revolt in 2000 to demand the elder Fujimori step down, reached the second round by courting mostly rural Peruvians who have long felt ignored by elites in the capital, Lima.
Fujimori, popular among the urban poor and women, squeaked through to the second round when three more moderate candidates splintered the centrist vote.
Humala, 48, has taken to wearing ties, carrying rosary beads and emulating the conciliatory style of center-left leaders like former Brazilian President Luiz Inacio Lula da Silva.
He now promises to respect Peru's many free trade pacts and the independence of the central bank, and to run a balanced budget, but still favors a more statist agenda that would increase control over natural resources in one of the world's top mineral exporters.
"We want to escape poverty," said 31-year old Marilu Requejo, a travel agent in Lima. "Humala will help us. He has to. He's not going to turn Peru into another Venezuela."
Critics say Humala has not abandoned the hard-line ideology instilled in him by his father, a prominent radical. They warn he would take over private firms and change the constitution to allow himself to run for consecutive terms like his one time political mentor, Venezuelan socialist President Hugo Chavez.
Those warnings have scared some Peruvians, who are enjoying growing wealth and remain haunted by the destabilizing hyperinflation and insurgencies of the 1980s and 1990s.
The elder Fujimori is credited for stabilizing the economy and defeating Marxist rebels. But his use of death squads against suspected leftists and widespread corruption led to him being sentenced to prison for 25 years after he returned to Peru in 2007, following his flight to exile in Japan in 2000.
As she seeks to return to the presidential palace she called home as a young woman and become one of the world's youngest female leaders, Fujimori has sought to portray herself as an independent, hard-working mother who no longer relies on her father for advice and will champion business.
"It is fundamental for us to maintain clear rules for investors," Fujimori said before the runoff. "(Humala) is a good soldier of Hugo Chavez."
BRAZIL VERSUS PACIFIC ALLIANCE
Fujimori's campaign has suggested Humala's camp would protest loudly and refuse to concede defeat, while Humala's aides have warned about the possibility of fraud -- reminding voters that the elder Fujimori was widely blamed for manipulating the 2000 vote to win a third term.
Goldman Sachs has advised clients to expect a recount, which would cause even more volatility in the country's currency and stock market in a vote being watched by foreign election monitors.
Peruvians living abroad could swing the vote. They make up about 2 percent of Peru's 19 million voters and pollsters say their votes would skew in favor of Fujimori.
(Additional reporting by Ursula Scollo, Teresa Cespedes, Patricia Velez, Marco Aquino, Simon Gardner and Alejandro Lifschitz; Editing by Kieran Murray and Eric Walsh)
World
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
© Copyright 2011 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Reader Feedback
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Analyst Research
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts
Venture Capital Journal
International Financing Review
Project Finance International
PEhub.com
PE Week
FindLaw
Super Lawyers Attorney Rating Service
Reuters on Facebook
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Sunday, 5 June 2011 Dozens arrested at service for Iran activist: report
|
Flamboyant ex-mayor arrested with arsenal in Mexico
|
Colombian army kills FARC guerrilla security chief
|
China dismisses U.S. call on Tiananmen anniversary
|
Troops crush Burkina army mutiny, 7 dead: officials
|
Egypt to put 48 on trial for church clash
|
Peru's Humala noses ahead on eve of run-off: poll
|
Yemen president flies to Saudi for treatment
|
Portuguese go to polls as country grapples with bailout
|
U.N.'s Ban to announce candidacy for 2nd term: envoys
|
Derek Holland's second career shutout extends Indians' woes
Acrimonious Peru election headed for photo finish
|
New NHL Winnipeg club hits target ticket sales of 13K
Buckeyes fans showing support for ex-football coach Jim Tressel
China says will not threaten anyone with modern
|
U.S falls mightily to Spain in Gold Cup tune-up
Andy Roddick to develop sportswear line with Lacoste
Mark Brooks keeps one shot lead at Principal Charity Classic
Steve Stricker sizzles then stumbles but leads Memorial Tournament by three
Preakness winner Shackleford set to run at Belmont
Kurt Busch wins Kansas pole; to roll off alongside Montoya
Cristie Kerr storms into lead at LPGA ShopRite Classic
Pressure mounts on Japan PM to quit amid coalition talk
|
Bomb attack kills six near Pakistan's Peshawar
|
Flamboyant ex-mayor arrested with arsenal in Mexico
|
China says will not threaten anyone with modern
|
Helicopter crashes in Afghanistan's east, two troops killed
|
NATO helicopters ratchet up pressure on Gaddafi
|
Israeli forces kill 13 protesters: Syrian TV
|
Pakistan minister: very likely al Qaeda's Kashmiri is dead
|
Obama administration condemns Syrian Internet shutdown
Iraq seeks bank head's arrest, denies witchhunt
|
Syria forces killed 70 protesters Friday: activists
|
Gulf Becomes Fault Line for Sunni Shiite Tensions
Clashes reported in Sudan flashpoint state
|
Chinese tennis star Li Na makes history with Slam win
Former Secretary of State Lawrence Eagleburger dies
Hackers target Nintendo website
Yemeni President Saleh Is Out, But Yemens Future Uncertain
Carl Froch earns spot in Super Six Finals with win over Glen Johnson
Arrests of Hamas Officials Cloud Palestinian Unity Talks
Posey slams threats against Cousins; Johnny Bench blames catcher for play
13 injured when bounce houses go airborne
Facebook blunder leads crowd to teen's birthday
|
Israel's Mirs picks Nokia Siemens for mobile deal
|
New X-Men tops class at North America box office
|
Gunsmoke star James Arness dead at age 88
|
MTV film award winners take back seat to new clips
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights