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He was forced out of office in the midst of the December 2001 financial crisis that led to the meltdown of the Argentine economy, at a time when the rallying cry of the Argentine people was: ¡que se vayan todos! ("away with them all!" – referring to the governing class; and many Argentines in jest referred to him as "de la Ruina" due to the financial bankruptcy of the government at the time). In retrospect however, de la Rúa cannot be held wholly responsible for all the financial difficulties of that time, as he moved into the office, already inheriting a financial disaster and a huge national debt.

His son Antonio is a playboy whose romances with multiple celebrities have been publicized widely by gossip magazines. Antonio is currently dating singer Shakira.