This strike marks the third action taken by powerful unions since President Javier Milei assumed office in late 2023. Since taking office, Milei has implemented harsh austerity measures aimed at combating hyperinflation, which included slashing transport, energy, and fuel subsidies, as well as reducing the number of public servants and closing government departments. Although inflation rates have decreased from over 200% to around 60%, labor unions argue that these measures have disproportionately harmed the most vulnerable sectors of society, particularly pensioners and low-wage workers.
Citizens are increasingly voicing their frustration. Horacio Bianchi, a retired teacher in Buenos Aires, lamented the dire conditions for many who struggle to afford basic necessities. Protests have intensified in recent weeks, with workers aligning with pensioners facing severe cuts to their funds, resulting in clashes with police during earlier demonstrations.
This strike follows a peaceful march advocating for pensioners, as the government seeks a new $20 billion loan from the International Monetary Fund, adding to Argentina's existing debt of $44 billion. The U.S. Treasury has expressed support for Milei's efforts to stabilize Argentina's economy, with Secretary Scott Bessent set to visit Buenos Aires in a show of backing for the reforms.
The ongoing unrest raises questions about the effectiveness and consequences of the government's austerity agenda amidst fears of further social upheaval.
Citizens are increasingly voicing their frustration. Horacio Bianchi, a retired teacher in Buenos Aires, lamented the dire conditions for many who struggle to afford basic necessities. Protests have intensified in recent weeks, with workers aligning with pensioners facing severe cuts to their funds, resulting in clashes with police during earlier demonstrations.
This strike follows a peaceful march advocating for pensioners, as the government seeks a new $20 billion loan from the International Monetary Fund, adding to Argentina's existing debt of $44 billion. The U.S. Treasury has expressed support for Milei's efforts to stabilize Argentina's economy, with Secretary Scott Bessent set to visit Buenos Aires in a show of backing for the reforms.
The ongoing unrest raises questions about the effectiveness and consequences of the government's austerity agenda amidst fears of further social upheaval.
