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)
Argentine Grand Prix but was cancelled pre-season, leaving a 5-week gap between the opening two rounds of the 1999 championship. In February 2012, Argentine president Cristina Fernandez de Kirchner announced negotiations were coming to a close to bring the Grand Prix back to the country by 2013, this time at a street circuit to be created in the seaside resort city of Mar del Plata, scotching stories which surfaced in December 2011 that suggested a new circuit, being constructed at Zárate, was to target F1. Contracts were expected to be signed on May 2012, but this didn't happen. Bernie Ecclestone, commercial rights holder