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Argentina

Yearbook 1999

Argentina. As expected, Opposition Alliance candidate Fernando de la Rúa won the October 24 presidential election by a clear margin over the ruling Peronist Party's candidate Eduardo Duhalde (48% vs. 38%). It is the first time in Argentina's history that the country gets a coalition government, and because Rúa's valallians did not get their own majority in Congress, an unstable period is predicted. Despite the peronists retaining their dominance in the Senate and winning most of the governor elections held during the year (including Buenos Aires), the election was a major setback for them. From 1989, the Peronists were the largest party in the House of Representatives and in 1995-97 had their own majority. Carlos Menem, who for a long time tried to get himself re-elected a second time, bitterly stated that he would have been a better candidate than Duhalde had he been allowed to stand.

1999 Argentina

The new government's economic position was not bright. The defeat of the Peronist Party was the election of the electorate over Menem's rule, during which unemployment rose to over 14% and the number of poor people increased, especially in Greater Buenos Aires. According to Countryaah official website, the budget deficit is estimated at $ 10 billion in 2000, for which negotiations with the International Monetary Fund (IMF) are being conducted. Most analysts believe that Argentina's economic growth will be one of the lowest in the world in the next few years. Trade relations with Brazil have also deteriorated. A general economic slowdown in both countries has resulted in a declining volume in bilateral trade, and safeguards for the own industries have been introduced. Especially Brazil's devaluation on January 13 created problems for Argentina, whose trade is 27% with Brazil,

In January, General Reynaldo Bignone, the last president of the military dictatorship, was arrested on child rape and abducted by children who became orphans during the so-called dirty war (1976–83). The crimes are not covered by the amnesty laws of the 1980s.

In November, Spanish investigating judge Baltasar Garzon, who is leading the legal process against Chile's dictator Pinochet, requested that 12 members of the former military junta in Argentina be arrested. Garzon requested the former Junta members, and another eighty suspects, be extradited to Spain for trial on genocide, torture and terrorism. Argentina's both outgoing and incoming president declared that they refuse to extradite former members of the military junta for trials abroad.

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