Uruguay’s elections have become overshadowed by a referendum
Uruguayans have long been able to look across the Rio Plata to their larger and louder neighbours in Argentina and roll their eyes at the endless economic crises and political chaos. Not for much longer, perhaps. Uruguay heads to the polls today to elect its next president, but election fever has been roundly overshadowed by (if economists are to be believed) referendum also taking place today. Analysts have described it as a possible ‘Brexit moment’ The national plebiscite has been proposed by trade unions and would radically overhaul the country’s entire pension system. The retirement age would fall by five years to 60, pension payouts would be pegged to the minimum wage,
