Presidency of Cristina Fernández de Kirchner May 2010, the President traveled to Spain for the European Union-Latin America and the Caribbean summit, where she was asked to compare the 2010 European sovereign debt crisis and the 2001 Argentine's default. Back in Buenos Aires, during the Argentina Bicentennial celebrations, Cristina Fernández did not participate in the military parade of 5,000 troops (which included delegations of Brazil, Chile, Uruguay, Bolivia, etc.) on the 9 de Julio Avenue, which was considered a gest of contempt towards the Argentine Armed Forces. In June 2010, her administration completed the debt swap (which was started by former president Néstor Kirchner in 2005)
Presidency of Cristina Fernández de Kirchner which had been approved almost unanimously in Congress (only 3 senators opposed the law). Critics have stated that the President's attitude would threaten over 75% of the country's water reserves. Cristina Kirchner has travelled extensively as president, visiting Algeria, Brazil, Cuba, Egypt, France, Libya, Mexico, Qatar, Russia, Spain, the UK, the U.S. and Venezuela, among other nations. Following the June 28, 2009, mid-term elections, the ruling FPV's party list lost its absolute majority in both houses of Congress, shedding a further 24 seats in the Lower House (including allies) and 4 in the Senate. They lost in the four most