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Fernando De La Rúa
Fernando de la Rúa (15 September 19379 July 2019) was an Argentine politician and a member of the Radical Civic Union (UCR) political party who served as President of Argentina from 10 December 1999 to 21 December 2001. De la Rúa was born in Córdoba; he entered politics after graduating with a degree in law. He was elected senator in 1973 and unsuccessfully ran for the office of Vice President as Ricardo Balbín's running mate the same year. He was re-elected senator in 1983 and 1993, and as deputy in 1991. He unsuccessfully opposed the pact of Olivos between President Carlos Menem and party leader Raúl Alfonsín, which enabled the 1994 amendment of the Argentine Constitution and the re-election of Menem in 1995. De la Rúa was the first chief of government of Buenos Aires to be elected by popular vote, a change introduced by the amendment of the Constitution. He expanded the Buenos Aires Underground, adding new stations to Line D, starting the expansion of Line B, and est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Argentina
The president of Argentina ( es, Presidente de Argentina), officially known as the president of the Argentine Nation ( es, Presidente de la Nación Argentina), is both head of state and head of government of Argentina. Under Constitution of Argentina, the national constitution, the president is also the Head of government, chief executive of the Government of Argentina, federal government and commander-in-chief of the Armed Forces of the Argentine Republic, armed forces. Throughout Argentine history, the List of heads of state of Argentina, office of head of state has undergone many changes, both in its title as in its features and powers. Current president Alberto Fernández was sworn into office on 10 December 2019. He succeeded Mauricio Macri. The constitution of Argentina, along with several constitutional amendments, establishes the requirements, powers, and responsibilities of the president and term of office and the method of election. History The origins of Argentina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antonio De La Rúa
Antonio de la Rúa Pertiné (born 7 March 1974) is an Argentine lawyer, and the son of former president Fernando de la Rúa (who governed Argentina from 1999 to 2001) and Inés Pertiné. He was an advisor to his father during his father's presidency and one of the heads of his father's presidential campaign. Politics Though de la Rúa held no formal position in his father's government, he was the chief architect of his father's election campaign; his success led his father to continue to turn to him for political advice after his assumption of the presidency. He was pointed to as the leader of the "Sushi set" (''El grupo sushi''), a group of young officials so-called due to their alleged preference for expensive Japanese cuisine; they were sometimes criticised for their influence on politics. After the collapse of the de la Rúa presidency, de la Rúa focused his energies on philanthropy and distanced himself from politics, thus marking the end of the influence of the "Sushi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corralito
Corralito () was the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run which implicated a limit of cash withdrawals of 250 ARS per week (at that time 1 USD = 1 ARS). Electronic transfers and credit and debit card payments were not disrupted. The Spanish word ''corralito'' is the diminutive form of ''corral'', which means "corral, animal pen, enclosure"; the diminutive is used in the sense of "small enclosure" and in Argentina also "a child's playpen". This expressive name alludes to the restrictions imposed by the measure. The term was coined by the journalist Antonio Laje. Background and initial measures In 2001, Argentina was in the midst of a crisis: heavily indebted, with an economy in complete stagnation (an almost three-year-long recession), and the exchange rate was fixed at one U. S. dollar per Argentine peso by law, which made exports uncompetitive and effectively dep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1998–2002 Argentine Great Depression
The Argentine Great Depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed the fifteen years stagnation and a brief period of free-market reforms. The depression, which began after the Russian and Brazilian financial crises, caused widespread unemployment, riots, the fall of the government, a default on the country's foreign debt, the rise of alternative currencies and the end of the peso's fixed exchange rate to the US dollar. The economy shrank by 28 percent from 1998 to 2002. In terms of income, over 50 percent of Argentines lived below the official poverty line and 25 percent were indigent (their basic needs were unmet); seven out of ten Argentine children were poor at the depth of the crisis in 2002. By the first half of 2003, however, GDP growth had returned, surprising economists and the business media, and the economy grew by an average of 9% for five years. Argentina's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Front For A Country In Solidarity
The Front for a Country in Solidarity ( or ) was a center-left political coalition in Argentina. It was formed in 1994 out of the Broad Front (''Frente Grande''), which had been founded mainly by progressive members of the Peronist Justicialist Party who denounced the policies and the alleged corruption of the Carlos Menem administration; the Frente joined with other dissenting Peronists, the Unidad Socialista (Popular and Democratic Socialist Party) and several other leftist parties and individuals. Its leading figures were José Octavio Bordón, Carlos "Chacho" Álvarez and Graciela Fernández Meijide. History Shortly after the founding of the party, Bordón stood for President at the 1995 elections with Álvarez as running mate. The campaign was very successful, and Bordón came second with 33 percent of the vote. Subsequently, Bordón proposed converting FrePaSo into a unified party, while Álvarez wanted a loose confederation of different parties. On May 17, 1995, Bordó ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of Fernando De La Rúa
Fernando de la Rúa's tenure as president of Argentina began when he took office on 10 December 1999, and ended with his resignation on 21 December 2001 in the wake of the December 2001 crisis. Election Fernando de la Rúa was elected on 24 October 1999 and took office on 10 December 1999. De la Rúa ran on the Alliance Party ticket as a Radical Civic Union member with running mate Carlos Álvarez. Along with the De la Rúa–Alvarez win, the Alliance Party gained a majority over the Justicialist Party in the Chamber of Deputies. The De la Rúa–Álvarez ticket defeated the Peronist candidates Eduardo Duhalde and Ramón Ortega with 48.5% of the vote against 38.09%. In third place, with 10.09% of the vote, was the former economy minister Domingo Cavallo. De la Rúa ran a successful TV advertising campaign with the slogan "They say I'm boring." The advertisement sought to be in contrast with a public perception of frivolity within the Carlos Menem administration. The campai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buenos Aires Underground
The Buenos Aires Underground ( es, Subterráneo de Buenos Aires, links=no), locally known as Subte (), is a rapid transit system that serves the area of the city of Buenos Aires, Argentina. The first section of this network (Plaza de Mayo–Plaza Miserere) opened in 1913, making it the 13th subway in the world and the first underground railway in Latin America, the Southern Hemisphere, and the Spanish-speaking world, with the Madrid Metro opening five years later, in 1919. As of 2022, Buenos Aires is the only Argentine city with a metro system. Currently, the underground network's six lines—A, B, C, D, E, and H—comprise of routes that serve 90 stations. The network is complemented by the Premetro line, and the Urquiza suburban line, with 17 more stations in total. Traffic on lines moves on the left because Argentina drove on the left at the time the system opened. Over a million passengers use the network, which also provides connections with the city's extensive comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Mayors And Chiefs Of Government Of Buenos Aires
, image = R larreta.jpg , alt = Mayor of Buenos Aires , incumbent = Horacio Rodríguez Larreta , incumbentsince = 10 December 2015 , style = No courtesy, title or style , residence = Buenos Aires City Hall , appointer = Citizens of Buenos Aires , termlength = 4 years (renewable) , formation = 10 May 1883 (mayor)6 August 1996 (chief) , inaugural = Torcuato de Alvear (mayor)Fernando de la Rúa (chief) , deputy = , salary = , website = This is a list of mayors and chiefs of government of the city of Buenos Aires, Argentina's capital, since its federalization. Its first Mayor ( es, Intendente, Intendant) was Torcuato de Alvear, who was appointed by President Julio Argentino Roca following the city's federalization. For the next 110 years, the intendant was directly appointed by the president, meaning that Buenos Aires had less autonomy than the smallest municipality. Followi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Amendment Of The Argentine Constitution
The 1994 amendment to the Constitution of Argentina was approved on 22 August 1994 by a Constitutional Assembly that met in the twin cities of Santa Fe and Paraná. The calling for elections for the Constitutional Convention and the main issues to be decided were agreed in 1993 between President Carlos Menem, and former president and leader of the opposition, Raúl Alfonsín. Constitutional Assembly election On April 10, 1994 the conventional constituent elections were held. The Justicialist Party led by President Menem won the elections with 38.50% of the votes. Radical Civic Union came second with a scant 19.74%, while two newly born forces each obtained 13%: the progressive peronist Broad Front, led by Carlos Álvarez, and the rightist Movement for Dignity and Independence, led by the carapintada military man Aldo Rico. Out of a total of 305 constituents, the Justicialist Party obtained 137 representatives, Radical Civic Union 74, Broad Front 31, Movement for Dignity an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pact Of Olivos
The Olivos Pact ( es, Pacto de Olivos) refers to a series of documents signed on November 17, 1993, between the governing President of Argentina, President of Argentina, Carlos Menem, and former President and leader of the opposition Radical Civic Union, UCR, Raúl Alfonsín, that formed the basis of the 1994 reform of the Argentine Constitution, constitutional reform of 1994. These memorandum of understanding were signed in the official presidential residence, the Quinta de Olivos. Context Raúl Alfonsín was the president of Argentina for the Radical Civic Union (UCR) from 1983 to 1989, and resigned during an economic crisis. Carlos Menem, from the Justicialist Party (PJ), was elected in 1989. The Convertibility plan ended the economic crisis and increased his popularity, allowing the PJ to win the 1991 Argentine legislative election, 1991 and 1993 Argentine legislative election, 1993 midterm elections. The presidential term of office was of six years, with no reelection. Menem so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Running Mate
A running mate is a person running together with another person on a joint Ticket (election), ticket during an election. The term is most often used in reference to the person in the subordinate position (such as the vice presidential candidate running with a presidential candidate) but can also properly be used when referring to both candidates, such as by saying Joe Biden and Kamala Harris, and Uhuru Kenyatta and William Ruto, were running mates in relation to the presidential elections held in the United States in 2020 and Kenya in 2013 respectively. Running mates may be chosen, by custom or by law, to Balancing the ticket, balance the ticket geographically, ideologically, or personally; examples of such a custom for each of the criteria are, geographically, in Nigerian presidential elections, in which a presidential candidate from the predominantly Christianity, Christian south is typically matched with a vice presidential candidate from the predominantly Islam, Muslim north, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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