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28-Nov-2019 10:33

Economy Minister Domingo Cavallo quit early yesterday, followed by reports that the entire Cabinet offered to resign.

With chaos on the streets, De la Rua made a final bid to hold onto his presidency, calling for the opposition to join a national unity government.

Her death in April moved Argentina, where the “Not one less” (“Ni una menos” in Spanish) protest movement that began began in 2015 before spreading across Latin America and the world.

The protests were resurrected in June 2016 to commemorate the anniversary of the movement and in October 2016, after three men were accused of the rape and murder of 16-year-old Lucia Perez in Mar del Plata.

"I was excited when he first came to office, but that quickly faded."Discontent with De La Rua was stoked by four years of bitter recession that exhausted the country and left it lurching close to default on its massive public debt.

Though De la Rua technically remained president, media reports said Congress would accept De la Rua's resignation and appoint Puerta interim president in a session this morning. Growth, production and business confidence are plummeting, and unemployment has topped 18 per cent.

De La Rua took office in December 1999 with a popularity rating above 70 percent, a no-nonsense image and a pledge to improve the economy.

But he soon became seen as indecisive, and left with ratings in single digits."I think he totally lacked direction and he clearly couldn't fix the economy," said Pablo Mario Alvarez, 50.

Rioters looted houses and stores in other cities, and more than 200 people were injured nationwide."I'm delighted he's finally gone. " said Maria Andrejuk, who was among those celebrating after tensions eased across much of Buenos Aires. Now Argentina's faltering economy awaits the hands of a caretaker government led by the party founded by strongman Juan Peron in the 1940s.Black-clad officers swung truncheons, fired rubber bullets and aimed water cannons on the seething crowds of demonstrators.Many shirtless youths hurled sticks and cobblestones back at police lines.Rebuffed by opposition leaders, he tendered his resignation hours later in a handwritten letter.As the sun set behind a haze of tear gas, De La Rua's helicopter lifted off from the government palace rooftop and took him to his suburban residence.

Rioters looted houses and stores in other cities, and more than 200 people were injured nationwide."I'm delighted he's finally gone. " said Maria Andrejuk, who was among those celebrating after tensions eased across much of Buenos Aires. Now Argentina's faltering economy awaits the hands of a caretaker government led by the party founded by strongman Juan Peron in the 1940s.Black-clad officers swung truncheons, fired rubber bullets and aimed water cannons on the seething crowds of demonstrators.Many shirtless youths hurled sticks and cobblestones back at police lines.Rebuffed by opposition leaders, he tendered his resignation hours later in a handwritten letter.As the sun set behind a haze of tear gas, De La Rua's helicopter lifted off from the government palace rooftop and took him to his suburban residence.Many analysts now predict the new government will likely end the Argentine peso's one-to-one peg with the dollar, in place since 1991.