Nestor Kirchner, husband of Argentina President Cristina Kirchner, has passed away today October 27, 2010. Nestor, who’s the predecessor of his wife Cristina Fernandez de Kircher as a state head, died of a sudden heart attack. He was 60 years old.
Nestor Kirchner’s legacy undoubtedly will live in the memories of the Argentina people or beyond. But not like somewhere else where the death of a key political figure could sometimes temporarily destabilized the economy or at least caused some loss on stocks markets for days, it seems Mr. Kirchner’s death is doing rather the opposite.
LA Times blog wrote a few minutes ago, “[Nestor Kirchner's] passing caused a spike in Argentine stocks this morning as investors speculated that the economy would stabilize and government spending would drop.”
The reason behind is very apparent. The former Argentina leader would have been the ruling party’s presidential candidate for the next year’s General Election.
While quite some Argentina people opposed the idea. If he were elected, Nestor Kirchner would take the reign from wife Cristina Fernandez’s hand and rule the Argentine again.
Running a country is not running a family, so it’s understandable the perspective that Mr. and Mrs. Kirchner could take the presidency in turn is not welcomed in their country.
Thus, it’s reasonable that the stocking market in Buenos Aires had such a positive response over the death of the country’s former President.