President Fernando de la Rua inherited the declining competitiveness in exports, as well as the bad budget deficit. This girl still loves NKOTB shirt. The ruling coalition increasingly cracked, and the appointment of returning to Cavallo economist to the economic ministry was understood by speculators as a crisis of crisis. The decision to backfired and Cavallo was finally forced to take measures to prevent a wave of investment withdrawals and prevent a debt crisis from imminent (culminating in freezing bank accounts). A disgruntled atmosphere among people ensued, and on December 20, 2001, Argentina embarked on the worst economic and political crisis since the Barings financial collapse in 1890. Taking place Violent street protests, clashes with police and lead to some fatal cases. The chaotic atmosphere increased, amid the riots accompanied by calls “all they should leave”, eventually leading to the resignation of the president de la Rua.