Cristina Fernández de Kirchner electricity, gas and water supply. These remained fixed during the terms of Duhalde and Néstor and Cristina Kirchner, despite the crisis that motivated them having ended. As the inflation rate grew during the period, the state financed part of these prices with subsidies. Investment in these areas decreased, and the generation and distribution networks suffered. Argentina lost its self-supply of energy, and had to import it, rather than being able to export surpluses. Kirchner proposed a fiscal austerity program in early 2012, including the gradual removal of subsidies. The proposal turned out to be unpopular, and was not implemented. She
Presidency of Cristina Fernández de Kirchner The Supreme Court rules the media law to be constitutional, a pair of days after the election. Cristina Fernández, who was under medical treatment during both events, changed the cabinet at her return, appointing Jorge Capitanich as chief of cabinet, Axel Kicillof as minister of economy, Juan Carlos Fábrega as president of the Central Bank, and Carlos Casamiquela as minister of Agriculture. The interior trade secretary Guillermo Moreno resigns the following day. The international controversy over the renationalization of YPF ends with a financial compensation for Repsol. The year ends with several electricity blackouts and with police revolts at several