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Saturday, 10 December 2011

Argentina's Fernandez sworn in for 2nd term


(CNN) -- Argentine President Cristina Fernandez de Kirchner was sworn in for a second four-year term Saturday, extolling her country's economic stability during a time of global crisis.

"We are a new Argentina, but we are also in a new world with more challenges and more decisions to be made in the best interest of our people and society," she said.

A bulk of her long speech focused on specifics of the Argentine economy that are impressive against the backdrop of a global downturn.

Industrialization has created more than 5 million jobs during her administration and minimum wages are the highest in the region, she said.

Argentina's economy could see growth of 9% in 2011, she said.

Internal growth in the country was one of the main drivers that kept the economy afloat, she said.     More Read

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