August 14, 2019 / 8:45 PM / 4 days ago

Argentina presidential front-runner says he won't spark default

FILE PHOTO: Presidential candidate Alberto Fernandez speaks during the primary elections, at a cultural centre in Buenos Aires, Argentina, August 11, 2019. REUTERS/Agustin Marcarian/File Photo

BUENOS AIRES (Reuters) - Argentine centre-left presidential front-runner Alberto Fernandez said on Wednesday that his policies would not lead to a debt default, adding that in a call with President Mauricio Macri, both agreed they wanted market volatility to stabilise.

Fernandez said he and his team “feel that the people have supported our proposal ... and that proposal contemplates neither a default nor a risk of not paying debt, nor failing to recognise the state’s obligations,” he said.

Fernandez was the first-placed candidate in a shock primary election result on Sunday that has sent tremors through the Argentine economy, badly hurting the peso and local stock market.

Reporting by Buenos Aires newsroom; Editing by Alistair Bell

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