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Roberto Lavagna

 
Roberto Lavagna

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Roberto Lavagna



 
 
Roberto Lavagna (Buenos Aires
Buenos Aires

Buenos Aires is the Capital and largest city of Argentina. It is located on the southern shore of the R?o de la Plata, on the southeastern coast of the South American continent....
, 24 March 1942) is an Argentine economist
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
 and politician, and was the former Minister of Economy and Production of Argentina
Argentina

Argentina, officially the Argentine Republic , is a country in South America, constituted as a federation of 23 provinces and an autonomous city....
 until 28 November 2005, when he was replaced with Felisa Miceli
Felisa Miceli

Felisa Miceli is an Argentina economist, and a former Minister of Economy of Argentina. She was appointed by President of Argentina N?stor Kirchner on November 28, 2005, in place of Roberto Lavagna, and was the first woman ever to lead that ministry....
, president of Banco de la Nación Argentina
Banco de la Nación Argentina

Banco de la Naci?n Argentina is a state-owned bank in Argentina, and the largest in the country's banking of Argentina. It has 616 branches throughout the national territory and 15 branches abroad in 10 different countries , along with a representation office in Porto Alegre, Brazil....
. Lavagna took office during the interim
Ad interim

The Latin language phrase ad interim literally means "in the time between" denotes the meaning of "in the meantime", "for an intervening time" or "temporarily" in the English language....
 rule of President
President of Argentina

The President of Argentina is the head of state of Argentina. Under Constitution of Argentina, the President is also the Head of government of the Politics of Argentina and Commander-in-Chief of the armed forces....
 Eduardo Duhalde
Eduardo Duhalde

Eduardo Alberto Duhalde is a former president of Argentina.Duhalde was born in Lomas de Zamora, in the Greater Buenos Aires. He graduated as a lawyer in 1970....
, in 2002, and had to manage the Argentine economic crisis
Argentine economic crisis (1999-2002)

The Argentine economic crisis was part of the situation that affected Argentina's Economy of Argentina during the late 1990s and early 2000s. Macroeconomics speaking, the critical period started with the decrease of real Gross Domestic Product in 1999 and ended in 2002 in Argentina with the return to GDP growth, but the origins of the collaps...
.






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Roberto Lavagna
Roberto Lavagna (Buenos Aires
Buenos Aires

Buenos Aires is the Capital and largest city of Argentina. It is located on the southern shore of the R?o de la Plata, on the southeastern coast of the South American continent....
, 24 March 1942) is an Argentine economist
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
 and politician, and was the former Minister of Economy and Production of Argentina
Argentina

Argentina, officially the Argentine Republic , is a country in South America, constituted as a federation of 23 provinces and an autonomous city....
 until 28 November 2005, when he was replaced with Felisa Miceli
Felisa Miceli

Felisa Miceli is an Argentina economist, and a former Minister of Economy of Argentina. She was appointed by President of Argentina N?stor Kirchner on November 28, 2005, in place of Roberto Lavagna, and was the first woman ever to lead that ministry....
, president of Banco de la Nación Argentina
Banco de la Nación Argentina

Banco de la Naci?n Argentina is a state-owned bank in Argentina, and the largest in the country's banking of Argentina. It has 616 branches throughout the national territory and 15 branches abroad in 10 different countries , along with a representation office in Porto Alegre, Brazil....
. Lavagna took office during the interim
Ad interim

The Latin language phrase ad interim literally means "in the time between" denotes the meaning of "in the meantime", "for an intervening time" or "temporarily" in the English language....
 rule of President
President of Argentina

The President of Argentina is the head of state of Argentina. Under Constitution of Argentina, the President is also the Head of government of the Politics of Argentina and Commander-in-Chief of the armed forces....
 Eduardo Duhalde
Eduardo Duhalde

Eduardo Alberto Duhalde is a former president of Argentina.Duhalde was born in Lomas de Zamora, in the Greater Buenos Aires. He graduated as a lawyer in 1970....
, in 2002, and had to manage the Argentine economic crisis
Argentine economic crisis (1999-2002)

The Argentine economic crisis was part of the situation that affected Argentina's Economy of Argentina during the late 1990s and early 2000s. Macroeconomics speaking, the critical period started with the decrease of real Gross Domestic Product in 1999 and ended in 2002 in Argentina with the return to GDP growth, but the origins of the collaps...
. He was confirmed in his post by President Néstor Kirchner
Néstor Kirchner

N?stor Carlos Kirchner Ostoic was the President of Argentina of Argentina from May 25, 2003 until December 10, 2007. A peronism, Kirchner was previously governor of the provinces of Argentina of Santa Cruz Province ....
 upon his taking charge on 25 May 2003.

Argentina's latest economic accomplishment, the exchange
Debt restructuring

Debt restructuring is a process that allows a private or public company - or a sovereign entity - facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it can continue its operations....
 of more than 76% of the default
Default (finance)

In finance, default occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant of the debt contract....
ed public debt bonds (worth about 93 billion dollar
United States dollar

The United States dollar is the unit of currency of the United States and was defined by the Coinage Act of 1792 to be between 371 and 416 grains of silver ....
s) for longer-term debt, with an important capital reduction, was primarily conducted by Lavagna.

Lavagna was ousted by President Kirchner on 28 November 2005, after a week or so of persistent rumors followed by official denials. He was replaced by Miceli (who resigned in 2007 over a money scandal, referred to by the press as toiletgate), until then the President of the Nación Bank and a former student of Lavagna's. The reasons for the forced resignation of the Minister were not made public, though speculations ranged from the failures in fighting inflation
Inflation

In economics, inflation is a rise in the general price level of goods and services in an economy over a period of time. The term "inflation" once referred to increases in the money supply ; however, economic debates about the relationship between money supply and price levels have led to its primary use today in describing price inflatio...
 to recent Lavagna's accusations of cartel
Cartel

A cartel is a formal agreement among firms. It is a formal organization of producers that agree to coordinate prices and production. Cartels usually occur in an Oligopoly, where there is a small number of sellers and usually involve homogeneous products....
ization against certain private companies involved in contracts with the government, which were seen as an indirect attack against Julio De Vido
Julio de Vido

File:De vido.JPGJulio de Vido is an Argentine policy maker, currently the President's Minister of Planning and Public Works....
, Minister of Public Works and personally close to the President. Lavagna only told the press that the President had decided his removal as part of a common post-election renewal. The next day, José Pampuro
José Pampuro

Jos? Juan Bautista Pampuro is an Argentina Justicialist Party politician, currently a Argentine Senate for Buenos Aires Province, Senate leader and formerly Defence Minister....
, former Minister of Defense, admitted that relations between Kirchner and Lavagna had become "complicated" since the elections, and that the situation was "tense" during the week before Lavagna's removal. Off-the-record sources also indicated that Lavagna's independence clashed with Kirchner's desire to have a homogeneous cabinet.

Lavagna formed a front, UNA (Una Nacion Avanzada, or "An Advanced Nation"), to run against the government's candidate, Cristina Fernández de Kirchner
Cristina Fernández de Kirchner

Cristina Elisabet Fern?ndez de Kirchner , commonly known as Cristina Kirchner, is an Argentina politician from the Justicialist Party and the current President of Argentina....
, in the October 2007 Presidential elections. Senior members of the Radical Civic Union
Radical Civic Union

The Radical Civic Union is a political party in Argentina. The party's positions on issues range from liberalism to social democracy. The UCR is a member of the Socialist International....
 (UCR), Socialists
Socialist Party (Argentina)

The Socialist Party is a social democracy political party in Argentina. The history of socialism in Argentina began in the 1890s, when a group of people, notably Juan B....
 and Peronist supporters
Justicialist Front

The Justicialist Front is a peronism political party in Argentina as a vehicle for former President of Argentinas Eduardo Duhalde and Adolfo Rodr?guez Sa?....
 of former President Duhalde voiced support for a coalition behind Lavagna's candidacy, although this proved controversial in all three parties. His plan for his first 100 days of government was based on improving security and employment and reducing extreme poverty. At the election, Lavagna was effectively the Radicals' official candidate, with Gerardo Morales
Gerardo Morales (Argentine politician)

Gerardo Rub?n Morales is an Argentina politician, leader of the Radical Civic Union . He sits in the Argentine Senate representing Jujuy Province, elected for the Front of Jujuy....
, leader of the UCR, as his running mate. Fernández also had a Radical as her running mate, Governor Julio Cobos
Julio Cobos

Julio C?sar Cleto Cobos is an Argentina politician, formerly of the Radical Civic Union , currently serving as the Vice President of Argentina of Argentina alongside President Cristina Fern?ndez de Kirchner....
. Lavagna and UNA came third with over 3 million votes and 17%, behind Fernández and Elisa Carrió
Elisa Carrió

Elisa Mar?a Avelina Carri? is an Argentina politician, founder of the party initially known as Alternative for a Republic of Equals , now Support for an Egalitarian Republic ....
.

Following the victory of Fernández, Lavagna reached an accord with his former rivals and held talks with Néstor Kirchner over the future of the governing Justicialist Party
Justicialist Party

The Justicialist Party is a Peronism political party in Argentina, and the largest component of the Peronist movement.It is led by former president Dr....
 (PJ). Lavagna was expected to become a vice-president of the Party, seen as a move to widen the base of the Party and strengthen the government of Fernández. However, at the last minute Lavagna declared he would not seek a position on the PJ executive.

See also

  • Economy of Argentina
    Economy of Argentina

    Argentina benefits from rich natural resources, a highly literate population, an export-oriented Agriculture of Argentina and a diversified industry....
  • Argentine debt restructuring
    Argentine debt restructuring

    Argentina went through an Argentine economic crisis beginning in the mid-1990s, with full recession between 1999 and 2002; though it is debatable whether this crisis has ended, the situation has been more stable, and improving, since 2003....


External links

  • of the Argentine Republic website.
  • for the first 100 days of government.
  • Lavagna's resignation in the media (2005-11-28): , (in Spanish); (in English).