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Argentine former President Nestor Kirchner dies
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Argentine former President Nestor Kirchner dies
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By Nicolas Misculin
BUENOS AIRES (Reuters) - Former Argentine President Nestor Kirchner, the current president's husband and a contender to succeed her in next year's election, died from a heart attack on Wednesday.
Kirchner, 60, was considered...
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Then Argentine first lady and presidential candidate senator Cristina Fernandez de Kirchner (R) embraces then President Nestor Kirchner during the closing campaign rally in La Matanza, on the outskirts of Buenos Aires October 25, 2007.
Credit: Reuters/Marcos Brindicci
By Nicolas Misculin
BUENOS AIRES |
Wed Oct 27, 2010 11:34am EDT
BUENOS AIRES (Reuters) - Former Argentine President Nestor Kirchner, the current president's husband and a contender to succeed her in next year's election, died from a heart attack on Wednesday.
Kirchner, 60, was considered President Cristina Fernandez's closest adviser and a major power broker in her government.
"It was a sudden death," Kirchner's doctor, Luis Buonomo, told Reuters after the former president died in the southern city of El Calafate, where the presidential couple have a weekend home.
Kirchner was a center-leftist member of the dominant Peronist party and served as president from 2003 to 2007, when he oversaw Argentina's recovery from a devastating economic crisis. Many Argentines credit him with putting South America's No. 2 economy back on its feet.
"He did a lot for the country. The country was broken, destroyed and he straightened things out," said Lito, 67, a Buenos Aires taxi driver. "He was in love with politics, and he was a strong man, but in the end politics was stronger than him."
Kirchner was, however, reviled by critics as authoritarian and Argentine assets traded abroad rallied on the news of his death.
"For Argentina, as a credit and a country that is the recipient of investors' money, there is no better scenario than having Kirchner out of the political arena," said Roberto Sanchez-Dahl, an emerging market debt manager.
Kirchner was widely expected to run in next year's presidential election but concerns over his health increased after he underwent arterial procedures in February and September.
His wife's government said Kirchner was rushed to hospital in the early hours of Wednesday after suffering an apparent heart attack.
Kirchner was a combative politician. Like his wife, he peppered his presidential speeches with outspoken criticism of big business and political rivals and that made him a polarizing figure in the turbulent world of Argentine politics.
When farmers rebelled over a tax hike on soy exports in 2008, he accused them of being coup plotters and he told supporters to boycott companies who hiked prices.
Kirchner focused on cementing political alliances at home to shore up his administration and that of his wife, but he also forged close links abroad with Latin American leftists such as Venezuela's Hugo Chavez, who called his death "a huge loss."
Investors disliked Kirchner's unorthodox economic policies, which have largely continued during his wife's administration, and Argentine bond prices rallied in New York on Wednesday.
Argentina's portion of the JP Morgan EMBI Plus sovereign bond index tightened 44 basis points to 537 basis points in morning trade, the tightest level in more than two years. The index overall was just 6 basis points tighter.
Local debt markets were closed for a national holiday.
(Additional reporting by Sujata Rao in London and Gillermo Parra-Bernal in Sao Paulo; Writing by Helen Popper and Simon Gardner; editing by Kieran Murray)
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