Former president Fernando De la Rua is in serious condition due to a heart problem that led to his entry into a health care center, sources close to the politician told Efe on Monday.
De la Rúa, who served as president of the Nation between December 1999 and December 2001, was born in Córdoba (Argentina) on September 15, 1937 and in 1997 was elected president of the Radical Civic Union (UCR).
The former president is in the intensive care unit of a hospital in the Buenos Aires town of Pilar, which has a fifth in which he was when he felt bad yesterday.
The cardiovascular disease he suffers had a recent history, in October and May 2018, which he surpassed after receiving surgical and medical treatment.
Fernando de la Rúa studied secondary school at the General Paz School in Córdoba and at the age of 21 he graduated in Law, with a gold medal, from the National University of Córdoba. Then, he obtained his doctorate in that same University with the thesis "Appeal of Cassation in Positive Argentine Law".
Once democracy was restored in 1973 with the fall of the coup-general Juan Carlos Onganía, De la Rúa got a record of a senator from the Federal Capital.
And in September of that same year he was a candidate for the Vice Presidency of the Republic, forming a tandem with Ricardo Balbín, who had beaten Raúl Alfonsín in the internal elections of the radicals, but was defeated by the Perón couple.
He then developed an intense political career that led to his inauguration as president of the Republic on December 10, 1999, succeeding the Peronist Carlos Menem for a four-year term.
In November 2000, his government reached a political agreement with the opposition to "freeze" public spending for five years. On December 6, he obtained the support of Peronism to approve the 2001 Budget Law, key to receiving financial assistance from the IMF.
On December 9, he celebrated his first year at the head of the Government, plagued by political and economic difficulties and marked by several unpopular measures and contrary to his electoral promises.
His Government applied the rise in taxes that affected the middle class, to lower the public deficit "inherited" in 1999, of almost 8,500 million dollars. It provided a cut of between 12 and 15 percent in public sector salaries over 1,000 pesos.
On December 18, 2000, the country received a financial aid, called "armoring", led by the IMF, of 40,000 million dollars, to which Spain contributed with an endorsement of 1,000 million.
On March 16, 2001, he affirmed that the "critical and difficult" situation of the country forced him to make a hard economic adjustment, since "the long recession, the low growth and the deficit of entrainment require exceptional measures".
After the parliamentary approval of some "special powers" on March 29, 2001, to implement profound economic and social reforms, the Argentine government clarified that it would be the president who would make use of these powers.
With these "superpowers, the Parliament ceded to the Executive Power attributions to carry out a restructuring of the State and reforms in the matter of taxes and the capital market.
On October 14, 2001, the Justicialist Party (Peronist) won the legislative elections, in which the entire Senate and half of the Chamber of Deputies were renewed.
On December 1, 2001, the Government announced a plan to stop the fall of deposits that included a weekly limit of $ 250 in bank withdrawals.
On December 5, the IMF announced that it will not grant the planned 1,264 million dollar loan for failing to comply with the promised economic reforms.
The Government then signed a decree that prohibited Argentines from having more than two current accounts and ordered the immobilization of 75% of new bank deposits.
These measures were answered with the seventh general strike, on December 13 that paralyzed Argentina, the day the unemployment rate reached its peak, 18.3%
On December 17, Domingo Cavallo presented a draft of the general budget for 2002, which envisaged a reduction of 18.8 percent in public spending. Given the wave of looting that took place on 19 and 20, which caused the death of 23 people, the Government decreed a state of siege.
The lower house partially repealed the special powers of the economy minister and eliminated the decree limiting the withdrawal of funds, after which the government resigned on December 20.
When failing to form a government of national unity with the Justicialist Party, Fernando de la Rua resigned as president and took office provisionally, Ramón Puerta, then president of the Senate and current ambassador of Argentina in Spain.