Cristina Fernández de Kirchner the twelve ministers appointed, seven had been ministers in Néstor Kirchner's government, while the other five took office for the first time. The selections anticipated the continuation of the policies implemented by Néstor Kirchner. She began a four-year term on 10 December 2007, facing challenges including: inflation, poor public security, international credibility, a faulty energy infrastructure, and protests from the agricultural sectors over an increase of nearly 30% on export taxes. Kirchner was the second female president of Argentina, after Isabel Martínez de Perón but, unlike Perón, was elected to the office, whereas Isabel Perón was elected Juan Perón's vice
Cristina Fernández de Kirchner dollars. The nationalization was justified by the president as government protectionism during the crisis, and compared with the bank bailouts in Europe and the United States. It was criticized as a threat to property rights and the rule of law. Fernández resigned after the Kirchnerite defeat in the 2009 elections, and was replaced by Amado Boudou, president of the ANSES which had worked for that nationalization. Although inflation was nearing 25% and on the rise, Boudou did not consider it a significant problem. In January 2010, Cristina Kirchner created the bicentennial fund employing a necessity and urgency decree in order