Search Results - De la Rúa, Fernando
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 establishing Line H. He established Roberto Goyeneche Avenue and the city's first bicycle path.
In 1999, Fernando de la Rúa was elected President after running on the Alliance ticket, a political coalition of the UCR and the Frepaso. He was opposed by the Peronist unions and his Vice President Carlos Álvarez resigned after denouncing bribes in the Senate. The economic crisis that began during Menem's administration worsened and by the end of 2001 led to a banking panic. The government established the ''Corralito'' to limit bank withdrawals. De la Rúa called a state of emergency during the December 2001 riots. Following his resignation on 20 December, the Argentine Congress appointed a new president. After leaving office, De la Rúa retired from politics and faced legal proceedings for much of the remainder of his life until his death in 2019. Provided by Wikipedia