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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Argentine leader suffers sharp blow in vote Mon Jun 29, 2009 2:43am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Kevin Gray BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez suffered a stinging blow in Sunday's mid-term, losing her majority in the lower house as voters rejected her combative politics and handling of a slowing economy. In a humiliating defeat for Argentina's first couple that reflected widespread discontent with Fernandez's government, her powerful husband and predecessor, former President Nestor Kirchner, was upset in a high-profile congressional race. The result heightened political uncertainties in Latin America's No. 3 economy, potentially setting off a power struggle in the ruling Peronist party. A slate of candidates headed by billionaire businessman Francisco de Narvaez took more votes than the slate headed by Kirchner, in a closely watched race in the country's most populous province, Buenos Aires. "This is a stunning result," said Federico Thomsen, an Argentine political and economic analyst. "Kirchner put everything he had in this election, he put himself in the battlefront and it still wasn't enough." The mid-term election was widely seen as a referendum on the Kirchners, and the former president had hoped to shore flagging support for Fernandez by winning the province, a crucial electoral battleground and Peronist stronghold. With 87 percent of voting stations in the province counted, Kirchner, conceded defeat to De Narvaez, a 55-year-old center-right congressman. They are both from different wings of the Peronist party. "At the end of the night triumph awaits us," De Narvaez told supporters earlier at his election night headquarters. Stung by approval ratings of around 30 percent, Fernandez has struggled with high inflation, complaints about growing crime and a long-running battle with farmers over her export taxes. In the lower house, opposition parties took more than a dozen seats, rolling back Fernandez's previous majority when her allies had more than half of the chamber. The president was also very close to losing her majority in the Senate, according to preliminary official results. STRIKING CONTRAST The results were a striking contrast to Fernandez's resounding victory in the 2007 presidential elections when she was buoyed by an economic boom that cooled last year. De Narvaez, who owns a television station and other businesses, spent millions of dollars of his own money to fund his campaign, vowing to put the Kirchners' power in check and reduce crime. Some voters, like Violeta Canosa, a 48-year-old housewife, said they threw their support behind de Narvaez to express discontent with the Kirchners. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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