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)
Railway nationalisation in Argentina French companies, Argentine ones also became part of "Ferrocarriles Argentinos", the state-owned company specifically created after the nationalisation to manage the entire railway network. The list of companies taken over by each division was as follows: Notes: After the nationalisation, maps of the six railway divisions managed by state-owned Ferrocarriles Argentinos were as follows: Argentines saw railway nationalisation as a major step towards the economic independence of their country which had for so long been under the influence of foreign capital. Nationalisation of the railways, the central bank, the telephone system and the docks were part of Perón's economic recovery