Presidency of Cristina Fernández de Kirchner 10, 2007, facing challenges including inflation, union demands for higher salaries, private investment in key areas, lack of institutional credibility (exemplified by the controversy surrounding the National Institute of Statistics and Census of Argentina, INDEC), utility companies demanding authorization to raise their fees, low availability of cheap credit to the private sector, and the upcoming negotiation of the defaulted foreign debt with the Paris Club. Kirchner was the second female president of Argentina, after Isabel Martínez de Perón, but unlike Perón, Kirchner was the head of the ballot, whereas Isabel Perón was elected as vice president of Juan Domingo Perón
Repsol Ibero America. The acquisition better positioned Repsol as a multinational company. Repsol’s acquisition of YPF also increased its capital to 288 million shares worldwide. Repsol's presence in Latin America was one of the keys to corporate growth. It was the first full year after the acquisition of YPF and the consolidation of Gas Natural SDG by global integration. The company's business structure was more balanced and international. Then in December 2001 Repsol completed an asset exchange agreement with Petrobras, making it the second largest consolidated oil company in Brazil. The same year Repsol announced new discoveries in Libya, Indonesia, Spain,