"The Economist" British publication wrote an analysis of the outcome of last Sunday's midterm elections in Argentina saying that "not only did the first couple lose those majorities but they also lost the political dominance they have exercised over Argentina since 2003."

"There were other hugely symbolic defeats, such as in Santa Cruz, the Patagonian province where Mr Kirchner was governor before he became president. Ms Fernández sought solace in the performance of Fernando Solanas, a leftist filmmaker, whose new grouping came second in the capital district, winning 24% (though he campaigned as an opponent)," it added.

The article stated that "Argentina seems to feel uncomfortable with a weak leader. In the current democratic period starting in 1983, two presidents, both of them Radicals facing deep economic woes, were forced to step down early after losing their congressional majorities."

"The new Congress will not assemble until December. Even then, the president could rule by decree. Opponents want the government to fire those responsible for doctoring economic statistics, and to cease its harassment of the private sector. The risk premium on Argentina's bonds has fallen by more than three percentage points over the past month. The opposition still has much work ahead. The Radicals need to rebuild their weakened party machine. And the Peronists need to rally round a new leader. But the Kirchners' dreams of alternating in office for another decade are over," it ended.