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The Argentine general election of 1995 was held on 14 May. Voters chose both the President and their legislators and with a turnout of 82.1%.


Background

The Justicialist Party had been founded in 1945 by Juan Perón, largely on the promise of greater self-reliance, increased state ownership in the economy and a shift in national policy to benefit "the other half" of Argentine society. Taking office on Perón's ticket in 1989 amid the worst crisis in a hundred years, President Carlos Menem had begun the systematic sell-off of Argentina's array of State enterprises, which had produced nearly half the nation's goods and services. Following 18 months of very mixed results, in February 1991 Menem reached out to his Foreign Minister,
Domingo Cavallo Domingo Felipe Cavallo (born July 21, 1946) is an Argentine economist and politician. Between 1991 and 1996 he was Economic Ministry of Argentina during Carlos Menem presidency. He is known for implementing the '' Convertibility plan'', which ...
, whose experience as an economist included a brief but largely positive stint as the nation's
Central Bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...
president in 1982. His introduction of a fixed exchange rate via his Convertibility Plan led to sharp drops in interest rates and inflation, though the sudden recovery and Cavallo's fixed exchange rate (converted to 1 peso per dollar in 1992) led to a fivefold jump in imports (far outpacing the flush growth in demand). A wave of layoffs after 1992 created a tense labor climate often worsened by the flamboyant Menem, who also diluted basic labor laws, leading to less overtime pay and increasing unemployment and
underemployment Underemployment is the underuse of a worker because a job does not use the worker's skills, is part-time, or leaves the worker idle. Examples include holding a part-time job despite desiring full-time work, and overqualification, in which the ...
. Private-sector lay-offs, dismissed as a natural consequence of recovering productivity (which had not risen in 20 years), added to mounting state enterprise and government layoffs, leading to a rise in unemployment from 7% in 1992 to 12% by 1994 (after GDP had leapt by a third in just four years). In this policy irony lay the Justicialists' greatest weakness ahead of the 1995 election.Todo Argentina: Menem
/ref> The election itself created yet another unexpected turn. Barred from immediate reelection by the 1853
Argentine Constitution The Constitution of the Argentine Nation ( es, Constitución de la Nación Argentina) is the Constitution, basic governing document of Argentina, and the primary source of existing Law of Argentina, law in Argentina. Its Argentine Constitution of ...
, President Menem reached out to his predecessor and head of the embattled centrist Radical Civic Union (UCR),
Raúl Alfonsín Raúl Ricardo Alfonsín (12 March 1927 – 31 March 2009) was an Argentine lawyer and statesman who served as President of Argentina from 10 December 1983 to 8 July 1989. He was the first democratically elected president after more than ...
. Meeting at the presidential residence in Olivos in November 1993 to negotiate an extensive amendment of the Constitution, the two leaders came to an agreement of mutual benefit: Alfonsín obtained the direct election of the mayor of (UCR-leaning)
Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...
(depriving the presidency of a right held since 1880 to appoint its mayor) and an expansion in the Argentine Senate from 48 to 72 members (3 per province), which would assure the runner-up (presumably the UCR) the third seat; Menem, in return, secured his right to run for reelection. Both men faced dissension in their parties' ranks after the 1994 reform of the Argentine Constitution was unveiled in August. Alfonsín's candidate in the UCR primaries,
Río Negro Province Río Negro (, ''Black River'') is a province of Argentina, located in northern Patagonia. Neighboring provinces are from the south clockwise Chubut, Neuquén, Mendoza, La Pampa and Buenos Aires. To the east lies the Atlantic Ocean. Its capi ...
Governor Horacio Massaccesi, defeated Federico Storani and
Rodolfo Terragno Rodolfo Terragno (born 16 November 1943) is an Argentine politician and lawyer, former Senator and journalist. From 2016 to 2019, he was Argentina's ambassador to UNESCO. Life and times Terragno was born in Buenos Aires, Argentina, in 1943 and ob ...
for the nomination over their opposition to the Olivos Pact. Menem, in turn, had lost a number of Congressmen from his party after Carlos Álvarez led a center-left splinter group in revolt over Menem's privatizations and unchecked corruption. His Frente Grande had become influential after merging with fellow ex-Peronist José Octavio Bordón in 1994, ahead of the May 14, 1995, election date. Bordón, a popular
Mendoza Province Mendoza, officially Province of Mendoza, is a province of Argentina, in the western central part of the country in the Cuyo region. It borders San Juan to the north, La Pampa and Neuquén to the south, San Luis to the east, and the republic o ...
Senator was a centrist who also lent the leftist Álvarez, whose strength was in Buenos Aires, appeal in Argentina's hinterland (which had benefited least from the 1991-94 boom). They combined forces to create the
FREPASO The Front for a Country in Solidarity ( or ) was a center-left political coalition in Argentina. It was formed in 1994 out of the Broad Front (''Frente Grande''), which had been founded mainly by progressive members of the Peronist Justicialist ...
, adding Argentina's struggling
Socialists Socialism is a left-wing economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership. As a term, it describes the eco ...
.Todo Argentina: 1994
/ref> The new constitutional rules governing elections provided opportunities for parties stuck in 2nd or 3rd place in the polls, as the Frepaso and UCR were, respectively. Bypassing the previous electoral college system, a victory by direct proportional voting could be achieved by either through a
run-off election The two-round system (TRS), also known as runoff voting, second ballot, or ballotage, is a voting method used to elect a single candidate, where voters cast a single vote for their preferred candidate. It generally ensures a majoritarian resu ...
(in case no candidate obtained a clear majority). The Justicialists enjoyed a clear advantage, given polls and their control of both chambers of Congress; but cracks began to develop as 1994 drew to a close. Local prosperity, the guarantor of Menem's presumptive victory, was shaken by the
Mexican peso crisis The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. ...
in December. Dependent on foreign investment to maintain its central bank reserves (which fell by US$6 billion in days), its sudden scarcity led to a wave of
capital flight Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence or as the result of a political event such as regime change or economic globalization. Such events could be an increa ...
out of Buenos Aires' growing banks and to an unforeseen recession. Concurrent revelations of gross corruption surrounding the purchase of IBM computers for the antiquated National Bank of Argentina (the nation's largest), further added to the opposition's hopes that a runoff might still be needed in May. Between them, the Frepaso enjoyed the advantage. Sporting charismatic leadership, they hoped to displace the UCR (Argentina's oldest existing party) from its role as the Peronists' chief opposition. The UCR had been badly tarnished by President
Raúl Alfonsín Raúl Ricardo Alfonsín (12 March 1927 – 31 March 2009) was an Argentine lawyer and statesman who served as President of Argentina from 10 December 1983 to 8 July 1989. He was the first democratically elected president after more than ...
's chaotic 1983-89 term, though its candidate,
Río Negro Province Río Negro (, ''Black River'') is a province of Argentina, located in northern Patagonia. Neighboring provinces are from the south clockwise Chubut, Neuquén, Mendoza, La Pampa and Buenos Aires. To the east lies the Atlantic Ocean. Its capi ...
Governor Horacio Massaccesi, had earned international renown in 1991 for storming a local National Bank branch in search of needed funds being retained by the federal government for what seemed to be political reasons. The UCR, moreover, still had its name recognition and organized, if frayed political machinery, controlled by Alfonsín and popular Córdoba Province Governor Eduardo Angeloz. As election day drew near, analysts debated not only the possibility of a runoff, but also which of the two opposition parties would face Menem in such a case. Ultimately, corruption and the sudden recession were not enough to keep the unflappable Menem from a first-round victory. The
big tent A big tent party, or catch-all party, is a term used in reference to a political party's policy of permitting or encouraging a broad spectrum of views among its members. This is in contrast to other kinds of parties, which defend a determined i ...
Justicialist Party, allied in many districts to local parties, formed an electoral front which obtained almost half of the total vote. The
Frepaso The Front for a Country in Solidarity ( or ) was a center-left political coalition in Argentina. It was formed in 1994 out of the Broad Front (''Frente Grande''), which had been founded mainly by progressive members of the Peronist Justicialist ...
garnered nearly 30%, and though their hopes for a runoff were stymied, this was considered a very good result for a party assembled only the previous year. Frepaso, however, came ahead in the presidential race only in two districts:
Santa Fe Province The Province of Santa Fe ( es, Provincia de Santa Fe, ) is a province of Argentina, located in the center-east of the country. Neighboring provinces are from the north clockwise Chaco (divided by the 28th parallel south), Corrientes, Entre R ...
and the city of
Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...
. The UCR, a major political force in Argentina since the beginning of the 20th century, came in third with only 17% of the vote.Todo Argentina: 1995
/ref> All provinces except
Corrientes Corrientes (; Guaraní: Taragüí, literally: "Currents") is the capital city of the province of Corrientes, Argentina, located on the eastern shore of the Paraná River, about from Buenos Aires and from Posadas, on National Route 12. It ha ...
also elected governors during 1995; several but not all provinces conducted their elections on the same date as the national one. A number of
municipalities A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the go ...
elected legislative officials (''concejales'') and in some cases also a
mayor In many countries, a mayor is the highest-ranking official in a municipal government such as that of a city or a town. Worldwide, there is a wide variance in local laws and customs regarding the powers and responsibilities of a mayor as well ...
. The Justicialists obtained 14 of the 23 governorships and the UCR, 5. Among Argentina's larger cities, only Bahía Blanca and Mar del Plata kept a UCR mayor (though Buenos Aires would elect one in 1996).Andy Tow's Electoral Atlas of Argentina

/ref> The legislative elections, where half the seats in the Argentine Chamber of Deputies were contested, saw the Justicialists obtain a large majority (more votes that its two closest opponents combined), losing in only 5 districts out of 24; of the 130 seats in play, the secured 68, the UCR, 28 seats, and Frepaso obtained 20 seats. The UCR lost 15 and, on a district basis, they did not get the majority vote in any district. The Frepaso won in the city of
Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...
and picked up 12 seats. Local parties won in two districts ( Salta Province and Neuquén Province). The newly expanded Argentine Senate, as Menem and Alfonsín had intended, benefited both parties.


Candidates for president

* Justicialist Party (populist): President Carlos Menem of La Rioja Province. *
FrePaSo The Front for a Country in Solidarity ( or ) was a center-left political coalition in Argentina. It was formed in 1994 out of the Broad Front (''Frente Grande''), which had been founded mainly by progressive members of the Peronist Justicialist ...
(social democrat): Former Governor José Octavio Bordón of
Mendoza Province Mendoza, officially Province of Mendoza, is a province of Argentina, in the western central part of the country in the Cuyo region. It borders San Juan to the north, La Pampa and Neuquén to the south, San Luis to the east, and the republic o ...
. * Radical Civic Union (socio-liberal): Governor Horacio Massaccesi of
Río Negro Province Río Negro (, ''Black River'') is a province of Argentina, located in northern Patagonia. Neighboring provinces are from the south clockwise Chubut, Neuquén, Mendoza, La Pampa and Buenos Aires. To the east lies the Atlantic Ocean. Its capi ...
.


Results


President


Chamber of Deputies


Results by province


Governors


Notes


References

{{DEFAULTSORT:Argentine General Election, 1995
1995 File:1995 Events Collage V2.png, From left, clockwise: O.J. Simpson is acquitted of the murders of Nicole Brown Simpson and Ronald Goldman from the year prior in "The Trial of the Century" in the United States; The Great Hanshin earthquake str ...
1995 elections in Argentina 1995 in Argentina Presidency of Carlos Menem
1995 File:1995 Events Collage V2.png, From left, clockwise: O.J. Simpson is acquitted of the murders of Nicole Brown Simpson and Ronald Goldman from the year prior in "The Trial of the Century" in the United States; The Great Hanshin earthquake str ...