In Argentina, there were serious riots during a marathon debate about a comprehensive legislative package. Activists fought a street battle with security forces in Buenos Aires.
During a marathon debate in the Argentine Congress about a legislative package from the new government, trade unionists and social activists engaged in heated clashes with security forces in the capital Buenos Aires.
Demonstrators beat officers with sticks and police fired rubber bullets and tear gas into the crowd, as seen on television.
Meanwhile, deputies in Congress debated for the second day in a row a comprehensive reform package from President Javier Milei, which, among other things, transfers parts of the legislative power to the government for two years, enables the privatization of numerous state-owned companies and provides for changes to tax and electoral laws.
Milei has to make concessions
The economist Milei took office in mid-December and prescribed a radical cure for the economically stricken country. Since he does not have his own majority in parliament, he recently deleted a number of projects from the legislative package in order to secure the approval of other parties.
Argentina is in a serious economic crisis. The inflation rate is over 200 percent, and around 40 percent of people in the once wealthy country live below the poverty line. South America’s second largest economy suffers from a bloated state apparatus, low industrial productivity and a large shadow economy that deprives the state of a lot of tax revenue. The national currency, the peso, continues to lose value against the US dollar and the mountain of debt is constantly growing.