The Fort Worth Press - Argentines down tools in challenge to budget-slashing Milei

USD -
AED 3.672504
AFN 65.000474
ALL 81.290987
AMD 361.508883
ANG 1.789785
AOA 918.000112
ARS 1540.742499
AUD 1.423589
AWG 1.8
AZN 1.699147
BAM 1.750964
BBD 2.018487
BDT 124.174112
BGN 1.747831
BHD 0.378161
BIF 2998.804883
BMD 1
BND 1.283118
BOB 11.881091
BRL 5.372099
BSD 1.002171
BTN 95.340582
BWP 13.824839
BYN 2.947962
BYR 19600
BZD 2.015623
CAD 1.401485
CDF 2314.999696
CHF 0.827545
CLF 0.025072
CLP 989.970249
CNY 6.66835
CNH 6.66784
COP 3151.39
CRC 456.22815
CUC 1
CUP 24.052571
CVE 98.716635
CZK 21.79375
DJF 178.464155
DKK 6.690329
DOP 61.334754
DZD 135.167012
EGP 56.270095
ERN 15
ETB 164.149508
EUR 0.895026
FJD 2.252802
FKP 0.749223
GBP 0.74955
GEL 2.592991
GGP 0.749223
GHS 11.650477
GIP 0.749223
GMD 73.999787
GNF 8869.33245
GTQ 7.660801
GYD 210.009401
HKD 7.84537
HNL 26.905998
HRK 6.744596
HTG 131.259372
HUF 328.631501
IDR 18129
ILS 3.084145
IMP 0.749223
INR 95.18625
IQD 1518.276797
IRR 1817007.497326
ISK 122.089608
JEP 0.749223
JMD 159.104745
JOD 0.709012
JPY 157.681501
KES 129.897205
KGS 87.449955
KHR 4085.853047
KMF 440.999664
KPW 899.999961
KRW 1325.579706
KWD 0.31078
KYD 0.835191
KZT 451.928844
LAK 22555.260119
LBP 89745.428501
LKR 332.999096
LRD 170.369342
LSL 16.666667
LTL 2.95274
LVL 0.60489
LYD 6.426285
MAD 9.843821
MDL 18.009114
MGA 4551.579042
MKD 55.126076
MMK 2099.77173
MNT 3599.40728
MOP 8.098551
MRU 40.299196
MUR 47.130005
MVR 15.449646
MWK 1737.818662
MXN 18.552125
MYR 4.085203
MZN 63.909832
NAD 16.666667
NGN 1339.940306
NIO 36.876055
NOK 9.31655
NPR 152.544573
NZD 1.75572
OMR 0.384503
PAB 1.002162
PEN 3.454941
PGK 4.55866
PHP 63.95597
PKR 277.328857
PLN 3.941235
PYG 5777.21077
QAR 3.663433
RON 4.785199
RSD 105.166953
RUB 80.798597
RWF 1481.736795
SAR 3.745151
SBD 8.064647
SCR 13.960067
SDG 601.503518
SEK 9.95062
SGD 1.280885
SHP 0.749344
SLE 22.950319
SLL 20969.504398
SOS 572.694718
SRD 37.691985
STD 20697.981008
STN 21.933849
SVC 8.769103
SYP 13001.999685
SZL 16.661071
THB 33.738498
TJS 9.245066
TMT 3.5
TND 2.993684
TOP 2.40776
TRY 49.789102
TTD 6.811284
TWD 32.511497
TZS 2644.999929
UAH 45.754918
UGX 4489.905546
UYU 40.188543
UZS 11994.001656
VES 859.934983
VND 25845
VUV 118.743227
WST 2.764729
XAF 587.098842
XAG 0.018681
XAU 0.000249577901
XCD 2.70255
XCG 1.806193
XDR 0.707052
XOF 587.098842
XPF 106.770519
YER 236.149689
ZAR 16.639115
ZMK 9001.200677
ZMW 20.178607
ZWL 321.999592
SSP 5745.701932
MXV 2.093065
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Argentines down tools in challenge to budget-slashing Milei
Argentines down tools in challenge to budget-slashing Milei / Photo: © AFP

Argentines down tools in challenge to budget-slashing Milei

Argentine President Javier Milei faced the first major challenge to his budget-slashing policies Wednesday as workers downed tools en masse and took to the streets in protest.

Text size:

Thousands had gathered by midday in the heart of Buenos Aires for what is expected to be the biggest demonstration in years, called by the South American country's main union, the CGT, with some seven million members.

Protesters bore placards reading: "The homeland is not for sale" and "Eating is not a privilege" as they marched to the beat of drums and exploding firecrackers, and held aloft a giant puppet in the image of Milei.

Another poster proclaimed: "Today's retirees are yesterday's workers, stop robbing them!"

Milei took office in December after a campaign vowing to slash public spending.

Ten days after he came to power, the new president announced a set of sweeping reforms that lessened some worker protections, abolished a price ceiling on rent and lifted price controls on certain consumer goods.

Poverty levels in Latin America's third-biggest economy are at 40 percent and the country is battling annual inflation exceeding 200 percent after decades of financial mismanagement.

"People are angry... nobody can deny it," said CGT co-leader Hector Daer.

- Won't 'yield an inch' -

The main rally in the capital was outside Parliament, where lawmakers are discussing Milei's package of deregulation and economic reform, which many in the country fear will leave them vulnerable to exploitation, and poorer.

Demonstrations have also been called for numerous other cities and towns, even abroad in Madrid, Paris and Brussels.

The CGT has been joined by other, smaller unions and civic groups, vowing to "not yield an inch of what has been achieved" in terms of labor and consumer protections, according to CGT leader Pablo Moyano.

Air traffic was affected early by the strike, with Aerolineas Argentinas cancelling nearly 300 flights, including international ones, "affecting more than 20,000 passengers" for a loss of about $2.5 million, according to the company.

Security Minister Patricia Bullrich insisted on X Wednesday that "The country does not stop!" claiming that protester "mobilization is small compared to the number of people who have decided to go to work."

The government has vowed to stick to its reform plan, and Bullrich denounced "mafia labor unions, managers of poverty, complicit judges and corrupt politicians... who resist the change democratically decided by society."

- 'Threats and pressure' -

Never before has a mass strike been called so soon into the term of a new Argentine government: just 45 days.

The government is not taking the challenge lying down.

It has set up an anonymous, toll-free line for people to report "threats and pressure" on workers to stay away from their jobs.

It has also said it will take a day of pay from each striking public servant and will hand unions the bill for Wednesday's police deployment.

Milei's reforms are being challenged on several fronts, with more than 60 lawsuits under way.

One chapter of the so-called "mega decree" -- dealing with labor reforms -- has already been frozen by a court pending a review by Congress.

Among other things, it sought to increase the job probation period from three to eight months, reduce compensation in case of dismissal and cut pregnancy leave.

For the rest of the decree, which also envisages privatization of state enterprises, the government is putting pressure on lawmakers for a quick adoption, but is facing some resistance from the center-right opposition.

Milei's party is only the third-biggest group in parliament.

The economy, too, has resisted Milei's attempts to boost export competitiveness by devaluing the peso by more than 50 percent last month.

"What was gained in competitiveness is lost with inflation," economist Martin Epstein told AFP.

In another blow, the government this week walked back a plan to cut public funding of the film industry after a backlash from stars at home and abroad.

L.Holland--TFWP