BARCLAYS | The final count of the votes confirmed a super – majority (two – thirds of the seats) in the National Assembly for the opposition . The result exceeded the market ’s expectations of a simple majority and, in our view, proves that it has been under estimating the probabilities of a political transition.
The world, mostly Latin America governments lined up with social markets economies and the US, like Mexico, Peru, Colombia or Chile, have welcomed the victories of anti populist forces in Argentina and Venezuela. In a run-off election on November 22, voters in Argentina elected centrist Mauricio Macri to succeed peronist Cristina Fernandez de Kirchner, with 51.4% of the vote. In Venezuela, the opposition won a two-thirds majority of 112 seats in the 167-seat National Assembly, 67% of the seats, despite winning only 56% of the popular vote.