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)
Cristina Fernández de Kirchner bill. It was rejected by many sectors of society. The first big demonstration (a "cacerolazo") took place in September 2012. It was not called by specific politicians or social leaders, but by the public using social networks. The massive turnout was completely unexpected by both the government and the opposition. People also protested the 2012 Buenos Aires rail disaster, the conflict between Kirchnerism and the media, rising crime rates, and the tight currency controls. Kirchner dismissed the demonstration, and said that she would continue working as before. Most of the Kirchner loyalists, however, preferred simply to ignore the protest. A