Argentine former head of state Fernando de la Rua -- who was famously evacuated by helicopter from the presidential palace during the 2001 economic crisis -- died Tuesday in Buenos Aires at the age of 81.
Argentine former head of state Fernando de la Rua — who was famously evacuated by helicopter from the presidential palace during the 2001 economic crisis — died Tuesday in Buenos Aires at the age of 81.“I share in the pain of his family,” said President Mauricio Macri, in announcing his death. “His democratic journey deserves recognition by all Argentinians.”
More than 30 people were killed in the rioting, including five in and around the Plaza de Mayo in central Buenos Aires, scene of violent clashes in the final days of De la Rua’s presidency. Argentina then defaulted on its public debt, setting it adrift for several years until its economy gradually recovered, thanks to a cheap peso and booming demand for its agricultural exports.He kept a low profile after leaving office and his last public appearance came in November at a government function at the sumptuous Teatro Colon opera house during the Group of 20 summit in the capital.
The most emblematic of those was to fix the exchange rate of the Argentine peso to the US dollar, in agreement with the International Monetary Fund, an expensive move that saw the national budget slip into deficit.De la Rua took office at the head of a center-left coalition that presented itself as “the force of morality opposed to frivolity and deceit.”
In a context of economic recession, mass redundancies, an almost complete freeze on bank accounts, a ban on withdrawals from US-dominated accounts and a default, De la Rua’s government fell.
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