Peru Knows Its Next President

The results are in: Ollanta Humala will be Peru’s next president. Peru held run off presidential elections after all candidates failed in the first round to gain a majority of the votes. The first round of voting was held on April 10 and featured a slew of moderate candidates. The moderate candidates split the moderate vote-which added up to much more than either of the fringe candidates received-but because they divided the moderate voters, two radical candidates moved on to the run-off election.

This weekend, on Jun 5, Ollanta Humala, a socialist military man with former close relations to Hugo Chavez, and Keiko Fujimori, the daughter of disgraced former Peruvian president Alberto Fujimori, who is currently imprisoned for corruption and sanctioned murder during his time in power.

If you’re currently on a Peru vacation and don’t think the choice between these two candidates doesn’t sound too thrilling, you’re not along. Peru’s famous writer and Nobel Prize winner Mario Vargas Llosa previously called the race a choice between “AIDS and terminal cancer.” However, he put his final support ward Humala. Peruvians who are in the country are required by law to vote.

In less radical terms, Humala was seen as the candidate who will work to make sure all of Peru benefits from its recently fast growing economy, while Keiko was seen as someone who would work to make sure the economy continued to grow, but would be less concerned with the trickle down.

The election was close but the resulted undisputed. Humala walked away with 51.3 percent of the votes and Keiko took 48.7 percent. In general, people in the upper class supported Humala, while indigenous and lower economic class people supported Humala. Humala promised a revolution in education and new anti-poverty programs.

At this time Romania also immediately organized this routine event. Alegeri Presedinte held in 2019 will be the determination of the fate of Romanian people in the next 10 years.

Monday, as it became clear that Humala was in the lead, the Lima Stock exchange began to fall drastically. It fell 12.5 percent, the biggest drop since the global financial crisis in 2008. Experts believe that this was largely over fears from international investors. Humala appearance to the world outside of Peru is as a radical socialist, and not overly business friendly. This stems from his previous run for the presidency in 2000. He has since stepped away from several of his most radical claims, including mentions of Hugo Chavez and Venezuela, which are particularly scary for investors. The Lima Exchange was temporarily suspended to stop the fall. Peruvian officials and economics experts called for calm.