Alberto Fernandez takes reins as Argentina’s new president

Alberto Fernandez takes reins as Argentina’s new president

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Alberto Fernandez assumes presidency of Argentina
Alberto Fernandez

Alberto Fernandez has assumed the presidency of Argentina, returning the country to the ranks of left-leaning nations at a moment of right-wing resurgence in the Western Hemisphere.

Assuming the vice presidency is Cristina Fernandez, 66, a polarising figure who served as president from 2007 to 2015 and whose presence has raised questions about the extent of her influence in the new administration.

Alberto Fernandez, a 60-year-old lawyer, faces the grave and immediate challenge of trying to pull Argentina from economic crisis.

The country has a 35% poverty rate and is struggling to make debt payments on time.

The economy is expected to shrink 3% by the end of 2019, with inflation at 55%.

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