In 1999, he entered politics when he was appointed Minister of Defense as a member of the Radical Civic Union. He remained in this position until 2001 when he briefly took the position of Minister of Economy in the government of Argentina.
Minister of Economy
Enjoying little political support from President, Fernando de la Rúa, he was fired within two weeks after a wave of protest over his proposed fiscal austerity project, by which he sought to prevent the 2001 economic crisis but which sharply cut education spending.
Politics
He founded a conservative liberal political party, Recreate for Growth, in 2002, and ran for the presidency in the April 2003 elections, finishing third behind Carlos Menem and Néstor Kirchner, with 16.3% of the popular vote. He later teamed with Mauricio Macri in 2005 to create a new center-right coalition called Republican Proposal, which tacitly supported his unsuccessful second bid to the presidency in the 2007 presidential election. López Murphy did poorly, gaining just 1% of the vote; PRO, however, did somewhat better in provincial and congressional elections, and won the mayoral election in Buenos Aires that year. He left RECREAR in April 2008, citing differences over party list strategy, and in December established :es:Convergencia Federal|Federal Convergency. He ran for Mayor of Buenos Aires in 2011 on this ticket, but obtained only 1.4% of the vote.
His life
He is married with three children. López Murphy is often referred to in the media as "the Bulldog", a nickname he has come to embrace himself. He has called himself "an Alem and Alberdi liberal".
Private sector
In his professional activity he worked as a consultant and economic advisor to companies, international investors and financial institutions in Argentina and Latin America. He was a consultant to the Inter-American Development Bank, World Bank, International Monetary Fund and chief economist of the Latin American Economic Research Foundation. He received the Konex Prize in 1996.
Minister of Economy
In 1999, he entered politics when he was appointed Minister of Defense as a member of the Radical Civic Union. He remained in this position until 2001 when he briefly took the position of Minister of Economy in the government of Argentina. Enjoying little political support from President, Fernando de la Rúa, he was fired within two weeks after a wave of protest over his proposed fiscal austerity project, by which he sought to prevent the 2001 economic crisis but which sharply cut education spending.
Politics
He founded a conservative liberalpolitical party, Recreate for Growth, in 2002, and ran for the presidency in the April 2003 elections, finishing third behind Carlos Menem and Néstor Kirchner, with 16.3% of the popular vote. He later teamed with Mauricio Macri in 2005 to create a new center-right coalition called Republican Proposal, which tacitly supported his unsuccessful second bid to the presidency in the 2007 presidential election. López Murphy did poorly, gaining just 1% of the vote; PRO, however, did somewhat better in provincial and congressional elections, and won the mayoral election in Buenos Aires that year. He left RECREAR in April 2008, citing differences over party list strategy, and in December established :es:Convergencia Federal|Federal Convergency. He ran for Mayor of Buenos Aires in 2011 on this ticket, but obtained only 1.4% of the vote.
His life
He is married with three children. López Murphy is often referred to in the media as "the Bulldog", a nickname he has come to embrace himself. He has called himself "an Alem and Alberdi liberal".
