Duhalde is a long-time Peronist party leader who ruled Argentina from 2002 to 2003 in the wake of the country's $95 billion debt default, which ushered in historically high levels of crime, unemployment and poverty.
He was succeeded in May 2003 by Nestor Kirchner, a relatively unknown governor from Patagonia who championed human rights causes and implemented unorthodox financial policies that many credit with helping to bring the Argentine economy back from the brink.
In 2007, Kirchner stepped aside so his wife, Fernandez, could run. She was elected with 45% of the vote, becoming Argentina's first elected female president.
Under Fernandez's leadership, Argentina's economy has enjoyed sustained growth of about 8% annually. The president points to this expansion and a low debt load as examples of how Argentina is well-positioned to weather the uncertainty in the current global markets.
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