No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveArgentina's Fernández to have surgery to remove blood from skull

Argentina’s Fernández to have surgery to remove blood from skull

BUENOS AIRES, Argentina — President Cristina Fernández de Kirchner will undergo surgery Tuesday to remove an accumulation of blood in her skull following a blow eight weeks ago, according to a statement issued by the hospital where she is being treated.

Fernández, 60, entered the Favaloro Foundation clinic in Buenos Aires Monday, two days after her medical team had advised her to rest for a month. Sunday, the president complained of tingling in her left arm which prompted doctors to recommend the operation, according the statement.

Vice-President Amado Boudou, who replaced Fernández in late 2011, when she was misdiagnosed with thyroid cancer, has taken over her duties.

Fernández, who is halfway through her second four-year term, has seen her popularity tumble since winning re-election in 2011 as she faces growing discontent over rising crime, currency controls and estimated 25 percent annual inflation. The 60-year-old leader suffered a head trauma, for which initial tests had been negative, on Aug. 12, the day after primaries for Oct. 27 mid-term elections, presidential spokesman Alfredo Scoccimarro said in a statement on Oct. 5.

“It’s going to change the political dynamic,” Fabian Perechodnik, an analyst with Poliarquia Consultores, said by phone from Buenos Aires before the need for surgery was announced. “If she’s not there for a month, exactly when there are elections, it’s a significant development.”

Political adversaries campaigning for the congressional elections, including Fernández’s former Cabinet chief Sergio Massa and the mayor of Buenos Aires city Mauricio Macri, wished her well in messages posted to Twitter before the need for surgery was announced.

Fernández’s surgery is considered low risk as it doesn’t involve contact with the brain, Pedro Lylyk, a brain surgeon at the Eneri clinic in Buenos Aires, who isn’t treating Fernández, said in a telephone interview.

“It’s a simple procedure,” Lylyk said. “She’ll be in intensive care for 24 to 48 hours and will be hospitalized for another three to four days followed by a month of recovery time.”

In the August primaries, Fernández’s ruling alliance secured just 26 percent of the nationwide vote, and her candidate in Buenos Aires province, the country’s largest by population, lost to Massa by five percentage points.

Since then, Argentine bonds and the Merval stock exchange have rallied on speculation a new government may take power in 2015 with more market-friendly policies. Fernández, who is banned from a third term by the constitution, last year seized oil producer YPF from Spain’s Repsol and has restricted foreign exchange purchases and underreported inflation, causing investment to fall.

“The news will likely increase speculation of a post-election transition period in which Fernández will not enjoy the same kind of unrestricted power over domestic policies,” Diego Ferro, co-chief investment officer at Greylock Capital Management, said in an email. “It will not likely change the outcome of the election.”

Even assuming a full recovery, this is positive for Argentine debt, Ferro said.

While Argentina’s average borrowing costs of 12.78 percent are the highest in emerging markets, the average yield on its dollar bonds has fallen 22 basis points since the primary elections compared with an 11 basis point rise for developing nations, according to JPMorgan Chase & Co.’s EMBI Global index.

Fernández’s health may create sympathy among Argentines and reverse her slide in opinion polls, according to Michael Shifter, president of the Inter-American Dialogue. Fernández’s support rose after her husband and predecessor Nestor Kirchner died of a heart attack in 2010, he said.

“It’s conceivable that she might get a slight bounce and a bump in the polls,” Shifter said in a telephone interview from Washington. “It does at the same time add to uncertainty about the overall situation in the country.”

With assistance from Katia Porzecanski in New York and Andrew Willis in Bogotá.

© 2013, Bloomberg News

Trending Now

Panama Farmer Receives Land Title After 60-Year Wait at Age 109

A 109-year-old Panamanian farmer has received the land title for the property where he lives and works—six decades after first requesting it from the...

Can Costa Rica’s Blue Zone Preserve Its Longevity Legacy?

The Nicoya Peninsula in Costa Rica is recognized worldwide as one of the five blue zones, where people live beyond the age of 90...

Why Prisma Dental Is Costa Rica’s Top Clinic According to ChatGPT’s AI Analysis

When it comes to choosing the best dental clinic in Costa Rica, international patients are facedwith an abundance of options. But with the help...

Empty Stadiums and Inequality Mar Women’s Copa América

Nearly empty stadiums, players' criticism of the organization, and demands for equality in South American football have marked the 2025 Women's Copa América in...

Low Dollar Exchange Rate Threatens Costa Rican Industry

Ten of Costa Rica’s leading business chambers have sent a joint letter to the Central Bank calling for an immediate adjustment to the country's...

Massive Cocaine Seizure at Costa Rica’s Moín Terminal Targets UK

Costa Rican police intercepted 810 kilograms of cocaine hidden in a banana shipment at the Moín Container Terminal in Limón headed for the United...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica