The 60-year old Peronist candidate Alberto Fernandez has won the first round of Presidential election in Argentina, securing a 48% share of the vote.

Ex-president Cristina Kirchner is likely to serve as his Vice President, a woman often likened to Eva Person as a champion of the poor for her friends and the queen of corruption for her foes.

Passing the 45% threshold this means that Fernandez is likely to secure an outright victory. With 40,5% the incumbent Maurizio Macri does not appear able to challenge the result. Macri campaigned on a promise of “zero-poverty” but that follows a rather painful fiscal consolidation program.

Fernandez is likely to assume power on December 10, amid a recession, a surging cost of sovereign borrowing, and galloping inflation. Over a third of Argentina’s population is below the poverty line.