Current:Home > StocksArgentina’s unions take to the streets to protest president’s cutbacks, deregulation and austerity -Aspire Financial Strategies
Argentina’s unions take to the streets to protest president’s cutbacks, deregulation and austerity
View
Date:2025-04-17 16:05:19
BUENOS AIRES, Argentina (AP) — Thousands of union members and activists took to the streets of Argentina’s capital Wednesday to protest a decree from President Javier Milei that imposes sweeping deregulation and austerity measures meant to revive the country’s struggling economy.
Unions had asked a court for a prior injunction to block measures lifting some labor protections, but a judge rejected the appeal, noting the decree had not yet entered into effect. It does so on Friday.
Argentine labor activists question whether Milei, a self-described anarcho-capitalist who has long railed against the country’s “political caste,” can impose the measures by way of an emergency decree bypassing the legislature where his party has few seats.
“We do not question the president’s legitimacy ... but we want a president who respects the division of powers, who understands that workers have the need to defend themselves individually and within the framework of justice when there is unconstitutionality,” said Gerardo Martínez, general secretary of Argentina’s construction workers’ union.
The protest went off peacefully, except for a confrontation between a small group of protesters and police. Journalists were caught up in the scuffle as police broke up the group of protesters, and some were beaten by police.
“The country is not for sale!” some protesters chanted, apparently referring to proposals that would allow the privatization of state-run industries.
Since taking office on Dec. 10 following a landslide election victory, Milei has devalued the country’s currency by 50%, cut transport and energy subsidies, said his government won’t renew contracts for more than 5,000 recently hired state employees and proposed repealing or modifying about 300 laws.
He says he wants to transform Argentina’s economy and reduce the size of its state to address rising poverty and annual inflation expected to reach 200% by the end of the year.
The General Labor Confederation read a statement at the march on Wednesday saying Milei’s decree “introduces a ferocious, regressive labor reform whose only purpose is to hamstring union activity, punish workers and benefit business interests.”
Milei’s administration has quickly faced protest. The government had said it will allow demonstrations, but threatened to cut off public aid payments to anyone who blocks thoroughfares. Marchers were also forbidden to carry sticks, cover their faces or bring children to the protest.
Milei, a 53-year-old economist who rose to fame on television with profanity-laden tirades against the political establishment, became president with the support of Argentines disillusioned with the economic crisis.
In a media interview ahead of the protest, he accused those who oppose his reforms of “not being aware of the seriousness of the situation.”
His initiatives have the support of Argentina’s Business Association which called them a “historic opportunity” to fight the “excessive size of the state” and the negative consequences of decades of budget deficits.
veryGood! (98957)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Canadian Olympic Committee Removes CWNT Head Coach After Drone Spying Scandal
- Sonya Massey 'needed a helping hand, not a bullet to the face,' attorney says
- Whoopi Goldberg, Jennifer Aniston, more celebs denounce JD Vance's 'cat ladies' remarks
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- New Orleans’ mayor accused her of stalking. Now she’s filed a $1 million defamation suit
- Paris Olympics Opening Ceremony in primetime: Highlights, updates from NBC's replay
- California date palm ranches reap not only fruit, but a permit to host weddings and quinceañeras
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Canadian Olympic Committee Removes CWNT Head Coach After Drone Spying Scandal
Ranking
- Tom Holland's New Venture Revealed
- MLB trade deadline: Six deals that make sense for contenders
- How Josh Hall Is Completely Starting Over After Christina Hall Split
- Paris Olympics Opening Ceremony in primetime: Highlights, updates from NBC's replay
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Hope you aren’t afraid of clowns: See Spirit Halloween’s 2024 animatronic line
- NCAA, Power Five conferences file documents seeking approval of $2.8 billion revenue-sharing settlement
- Canada Olympics drone scandal, explained: Why women's national team coach is out in Paris
Recommendation
The White House is cracking down on overdraft fees
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Torchbearers
Fostering a kitten? A Californian university wants to hear from you
Senate kickstarts effort to protect kids online, curb content on violence, bullying and drug use
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Padres' Dylan Cease pitches no-hitter vs. Nationals, second in franchise history
AI 'art' is ruining Instagram and hurting artists. This is what needs to change.
Harris will carry Biden’s economic record into the election. She hopes to turn it into an asset