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  • Brazil's President Jair Bolsonaro gestures during a ceremony at the Planalto Palace in Brasilia

    Brazil's President Jair Bolsonaro gestures during a ceremony at the Planalto Palace in Brasilia | Photo: Reuters

Published 27 April 2019

"The opposition can return (in Argentina) and that is our concern, we do not want another Venezuela here in South America," Bolsonaro said.

Brazilian far-right President Jair Bolsonaro expressed fear that Argentina will reelect former president Cristina Fernandez de Kirchner in the polls this October and tried to blame the Argentine two-year economic downspiral on Macri's "timid" implementation of austerity measures.

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Cristina Fernandez-Kirchner Leads Electoral Polls in Argentina

Addressing reporters in Brasilia, Bolsonaro blamed Argentina's economic difficulties on President Mauricio Macri's "timid" application of neoliberal reforms. The former military office said that Macri only went through with "half" of the reforms.

"Argentina made a timid (pension) reform and now Macri is having problems and the problems are getting bigger," Bolsonaro told reporters. "The opposition can return (in Argentina) and that is our concern."

Since entering office in 2015 Macri has slashed energy and transportation subsidies, tens of thousands of public jobs, and ministries in order to appease the the International Monetary Fund (IMF) directors who awarded the administration a total of US$56.6 billion in loans by September 2018. The result has pushed extreme poverty to at least 32 percent and inflation has risen to over 54 percent because of the pesos extreme devaluation.

Fernandez de Kirchner, who was part of a 10-year wave of leftist leaders in South America, is shaping up as a favorite against President Mauricio Macri for the elections to be held in October. 

The former Argentine president is leading in the polls by 45 percent, nearly 10 percent over Macri's 36 percent. 

The official announcement of her candidacy is slated to happen at the Racing soccer stadium, one of the most historic institutions in Buenos Aires May 20.

CFK, the former leftist president has been the victim of an intense lawfare campaign and will be on trial for "The Willows" case on May 21. Her trial involves an alleged diversion of public resources and money laundering through hotels belonging to the Kirchner family in Patagonia.

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