Independent
In 1996, shortly after Menem's reelection, the flux of money from privatisation ceased, and Cavallo was ousted from the cabinet, due to his volatile personality and fights with other cabinet members, coupled with staggering unemployment and social unrest caused by his economic policies and the Mexican crisis. In mid-1995, Cavallo denounced the existence of presumed "mafias" entrenched within the circles of power. After his first public accusations, relations between Cavallo, President Menem and his colleagues became progressively strained. Following months of speculation, Menem asked for his resignation on July 26, 1996.
Cavallo founded a political party, Acción por la República (Action for the Republic), which allowed him to return to Congress, this time as a Deputy for the City of Buenos Aires.
Cavallo ran for president in 1999, but was defeated by Fernando de la Rúa. Cavallo came in third place and received 11% of the vote, far behind both de la Rúa and the other main candidate, Peronist Eduardo Duhalde. He also ran for Mayor of Buenos Aires in 2000, and lost to Aníbal Ibarra.
Read more about this topic: Domingo Cavallo
Famous quotes containing the word independent:
“We are independent of the change we detect. The longer the lever, the less perceptible its motion. It is the slowest pulsation which is the most vital. The hero then will know how to wait, as well as to make haste. All good abides with him who waiteth wisely; we shall sooner overtake the dawn by remaining here than by hurrying over the hills of the west.”
—Henry David Thoreau (1817–1862)
“‘Ouch’ is not independent of social training. One has only to prick a foreigner to appreciate that it is an English word.”
—Willard Van Orman Quine (b. 1908)
“I’d like to come back as an independent woman who has more ambition than I have.”
—Jenny Bird (b. c. 1937)