December 31, 2001 |
The interim president of Argentina resigned late Sunday after just a week in office, saying lack of support from members of his own party prevented him from leading his country out of its profound economic and political crisis. The resignation of Adolfo Rodriguez Saa, who took power after riots brought down Fernando de la Rua, came after a weekend of demonstrations on the streets of this capital city and fighting within the leadership of the ruling Peronist party.
December 24, 2001 |
Indifference may best describe the reaction of world markets to Argentina's economic implosion and likely debt default and currency devaluation--a sharp contrast to the 1990s, when crises in Mexico, Thailand and Russia rippled around the globe. As expected, Argentina's new president, Adolfo Rodriguez Saa, declared a moratorium on the nation's $132-billion debt Sunday. He said he would use the savings on principal and interest payments to create 1 million jobs and feed the hungry.
December 22, 2001 |
A provincial senator took power in Argentina on Friday, but only for a day, as uncertainty reigned in the wake of violent protests that drove the old government from office. Ramon Puerta, head of the Senate, became president Friday morning after an extraordinary session of both houses of Congress accepted the resignation of Fernando de la Rua, whose presidency ended amid a flurry of looting and violence in which at least 25 people died and 1,200 were arrested.
December 21, 2001 |
President Fernando de la Rua resigned Thursday as tens of thousands of Argentines defied a state of siege he had declared less than 24 hours earlier when violence tore through the recession-ravaged country. De la Rua stepped down after opposition legislators in the Peronist party declined his offer to form a government of national unity, the president's last hope of holding on to power after two days of rioting that shook many of the nation's largest cities.
July 17, 2001 |
In a move designed to reassure nervous investors, President Fernando de la Rua reached agreement Monday night with the main opposition governors to back a plan that would cut the budget. The agreement was announced hours after the stock market continued its plunge. The pact's details are to announced today. "We have arrived at an agreement in fundamental concepts to arrive at zero deficit," Cabinet chief and lead negotiator Chrystian Colombo told reporters. Salta Gov.
March 19, 2001 |
President Fernando de la Rua on Sunday appealed to Argentina's political parties to band together and form a national unity government to confront a growing political crisis. In a nationally televised address, De la Rua said he will ask Congress to grant him "special emergency powers" to cope with the crisis. He added that he will soon unveil a new government that includes a cross-section of parties after a new austerity program threatened to rupture his own two-party ruling coalition.