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Woman becomes Argentina's president

Sworn in Monday as Argentina's first elected female president, Cristina Fernandez completes a rare husband-wife transfer of power that the nation hopes will ensure economic recovery.
APTOPIX Argentina Inauguration
Cristina Fernandez wears the presidential sash as Argentina's first elected female president at the National Congress in Buenos Aires on Monday. Jorge Saenz / AP
/ Source: The Associated Press

Cristina Fernandez was sworn in Monday as Argentina's first elected female president, completing a rare husband-wife transfer of power that the nation hopes will ensure continued recovery from an economic meltdown.

Fernandez, whose husband Nestor Kirchner is credited with leading Argentina out of its 2001-2002 economic meltdown, vowed to increase his center-left economic programs, create jobs and reduce high poverty levels.

During her hour-long inaugural speech, Fernandez's voice rose in anger as she demanded faster progress from dozens of slow-moving court investigations of human rights abuses of the country's 1976-83 dictatorship.

"I expect that in the four years of my term, trials that have been delayed more than 30 years will be concluded. We must try and punish those who were responsible for the greatest genocide" in modern Argentine history, Fernandez, 54, told a packed Congress after taking up the blue-and-white sash from Kirchner, who gingerly adjusted it on her shoulders.

Nearly 13,000 people are officially listed as missing or dead under a "dirty war" crackdown on dissent by past military governments. Activists estimate nearly double that number died.

Reclaiming balance
Fernandez, who has been compared to Hillary Clinton, embarks on a four-year term whose main challenge will be to prolong an economic recovery that has seen annual growth rates above 8 percent in recent years.

"I believe we have regained our balance," Fernandez said, recalling how her husband took office in May 2003 amid a debt default and a searing devaluation that was Argentina's worst economic crisis in history. "In four and a half years this president — together with all Argentines — was able to change the scenario we were facing."

She vowed to strengthen Argentina's oft-criticized justice system, overhaul a poorly funded system of public schools and tackle rampant crime and a looming energy crisis.

Several South American presidents looked on and thousands of supporters outside Congress waved blue-and-white Argentine flags.

Fernandez, a three-term senator who won office handily on a left-leaning ticket, captured 45 percent of the vote against a divided opposition Oct. 28. She joins Michelle Bachelet in Chile as the second sitting female president in South America.

Approval ratings for Kirchner topping 60 percent have been largely credited with Fernandez's victory, although she was praised for an astute, unorthodox campaign. Refusing to debate any of her rivals and granting few interviews, Fernandez preferred to be photographed overseas meeting world leaders — projecting a flair for diplomacy while masking a lack of executive branch experience.

Argentine law prevents more than two consecutive terms, but a husband-and-wife team could alternate in power for as long as their support continues.

Fernandez seems unlikely to alter Kirchner's alliance with Latin American leftists such as Venezuela's Hugo Chavez, but she could forge better ties with the next U.S. president.

Homeland headaches
The new president will try to cure some lingering headaches from the Kirchner term:

  • Inflation that private economists estimate in the double digits
  • Corruption scandals
  • A long-sputtering energy crisis

Unemployment is mired at near 10 percent and a quarter of the country's 39 million people are poor.

Kirchner re-negotiated payment on the debt, and the recovery blunted memories of hungry people scavenging for food in trash bins and depositors hammering on bank doors after losing savings overnight.

Sustaining recovery will be a priority for Fernandez, but unions demanding salary hikes will challenge the government and sporadic energy shortages could hamper growth, analysts said.

Riordan Roett, director of Western Hemisphere studies at SAIS-Johns Hopkins University, said the nation has benefited from a benign global economy and booming export tax revenues amid soaring grain prices.

"If there is a slowdown anywhere, she will pay the price," he warned.

Argentina's first female president was Isabel Peron, the second wife of former strongman Juan Peron. She assumed power when he died in 1974, and was ousted by a coup after 20 months in office.