Reported about 1 month ago
Uruguay's presidential election will proceed to a runoff next month after no candidate secured the necessary majority, while a proposed pension system reform was rejected. Opposition candidate Yamandu Orsi, representing the Broad Front, will face Alvaro Delgado of the ruling National Party on November 24. The pension reform initiative, which risked increasing budget deficits, garnered only 38% support from voters, leaving uncertainty over the country's economic direction.
Source: YAHOO