Argentina is Entering Into a Delicate Situation, Says Eurasia Group’s Kerner

The transcript discusses the political and economic situation in Argentina following the primary elections. Macri and Fernandez blame each other for market reactions, with Macri seen as market-friendly and Fernandez feared for potential defaults. Despite winning the primaries, Fernandez has not yet been elected, leading to a long transition period. Macri's chances of closing the gap are slim due to economic dissatisfaction. Fernandez is seen as pragmatic, and while markets fear default, he signals moderation. The IMF agreement limits Argentina's options, complicating the post-election debt outlook.

What challenges does Fernandez face in terms of macroeconomic conditions before the elections?

What is the significance of the IMF agreement for Argentina's economic policies?