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Argentina Opposition Candidate Fernandez Pledges No Default

  • Country needs to restart growth to pay back creditors, he says
  • Fernandez touted his recovery credentials during Uruguay trip
Alberto Fernandez and Cristina Fernandez de Kirchner at their first campaign event in Merlo on May 25.
Alberto Fernandez and Cristina Fernandez de Kirchner at their first campaign event in Merlo on May 25.Photograph: Sarah Pabst/Bloomberg

Argentine opposition candidate Alberto Fernandez said he won’t lead the country into default if he wins the presidential election in October, seeking to reassure investors who fear a new government might renege on its borrowings.

“What we can guarantee is that we aren’t going to fall into a new default. I received an Argentina in default. I don’t want Argentina to fall back into that," Fernandez, 60, said in reference to his stint in Nestor Kirchner’s government at the beginning of the century when the country was emerging from a devastating debt default.