Argentina: Protestors Mark 10th Anniversary of Economic Crisis

December 21, 2011 from Press TV

On December 2001, Argentinians said "enough is enough." Tens of thousands of protesters took to the streets of Buenos Aires and other cities in the country to demonstrate against the austerity measures and severe social cutbacks that the ruling administration of president Fernando De La Rua had carried out to mitigate the effects of Argentina's four-year recession. Press TV's Constanza Heller reports from Buenos Aires.

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Buenos Aires

Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after Greater São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent. T... Explore this topic

Argentina

Argentina, officially the Argentine Republic, is the second largest country in both South America and the Latin America region. The country is a federation of 23 provinces and the autonomous city of Buenos Aires, its capital and largest city. It is the eighth-largest country i... Explore this topic

Protest

An act of defiance or objection by an individual or group of people. Protests can take many forms: peaceful or violent, direct or indirect, large or small. Protests in the news are often political in nature, as groups of citizens voice their disagreement or dissatisfaction. Pr... Explore this topic

Argentine economic crisis (1999–2002)

The Argentine economic crisis (1999–2002) was a major downturn in Argentina's economy. It began in 1999 with a decrease of real Gross Domestic Product. The crisis caused the fall of the government, default on the country's foreign debt, widespread unemployment, riots, the rise... Explore this topic

Economy of Argentina

The economy of Argentina is an upper middle-income economy, and Latin America's third-largest. The country benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. Historically, however, Argen... Explore this topic

Fernando de la Rúa

Fernando de la Rúa is an Argentine politician. He was president of the country from December 10, 1999 to December 21, 2001 for the Alliance for Work, Justice and Education. Explore this topic

Austerity

In economics, austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies can include spending cuts, tax increases, or a mixture of the two. Austerity policies may be attempts to demonstrate governments' liquidi... Explore this topic

Recession

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the u... Explore this topic

Press TV

Press TV is a 24-hour English language news network owned by the state-owned media corporation Islamic Republic of Iran Broadcasting. Its headquarters are located in Tehran, Iran. The station has been criticised for its uncritical embrace of provocative stances. For British jo... Explore this topic

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