President Fernando de la Rúa (1999-2001) was also a devout Catholic, and did not have major problems dealing with the Church.
It was a blow to President Fernando de la Rúa, already hit with a series of political setbacks.
President Fernando de la Rúa has had precious few good days since he took office nearly two years ago.
But President Fernando de la Rua provided no details.
President Fernando de la Rua had called the loan negotiations possibly "the last chance" to restore faith in the nation's economic prospects.
President Fernando de la Rúa ordered that bank account withdrawals could not exceed $250 a week for the next 90 days.
Opinion polls show approval ratings for President Fernando de la Rúa in the single digits.
When President Fernando de la Rua took office nearly three months ago, the unemployment rate stood at a stubbornly high 14 percent.
President Fernando de la Rúa had already been forced out, and the new Peronist government was promising elections in three months.
The strike was the seventh since President Fernando de la Rúa took office two years ago.