By The Daily Mail
Opposition candidate Mauricio Macri won Argentina's presidential election on Sunday marking an end to the often-combative era of President Cristina Fernandez de Kirchner.
Fernandez, along with her late husband, dominated the country's political scene for 12 years and rewrote its social contract.
Ruling party candidate Daniel Scioli, Fernandez's chosen successor, conceded the vote late last night and said he had called Macri to congratulate him on a victory that promises to chart Argentina on a more free market, less state interventionist course.
'Today is a historic day,' said Macri, 56, as he addressed thousands of cheering supporters as horns were heard blaring across Buenos Aires.
'This is the beginning of a new era that has to carry us toward the opportunities we need to grow and progress,' Macri told supporters at his headquarters, which pulsed with Latin music and was festooned with white and sky-blue balloons, the colors of the Argentine flag.
His victory could also see an improvement in relations with Britain as Macri has indicated he will take a less aggressive and confrontational stance over the disputed Falkland Islands.
Before the election he also said he would not be appointing a Falklands Minister and wanted to have good relations with all countries.
With 98 per cent of the vote counted, Macri had 51.45 per cent support compared to 48.55 per cent for Scioli.
The victory by the business-friendly candidate, who gained a national profile as president of the popular Boca Juniors soccer club, comes after he did better than expected in the first round on October 25.
The close first round forced a runoff with Scioli, the governor of the vast Buenos Aires province.
Macri, the outgoing mayor of Buenos Aires, hails from one of the country's richest families.
On the campaign trail, he sometimes talked about being kidnapped in the early 1990s, an experience he... (Read More)
By The Daily Mail