Source: Reuters
“Argentine unions launched a huge general strike on Thursday against painful austerity measures and planned reforms by new libertarian President Javier Milei, whose cost-cutting drive has stabilized local markets but hammered the real economy. The South American country saw public transport, the important grains crushing sector, supermarkets, airports and banks grind to a halt for 24 hours as most of the major unions joined the protest action against the government. Milei, an economist and former media pundit, won a shock election last year pledging to fix with a ‘chainsaw’ an economic crisis that snowballed under previous governments, leading to depleted reserves and triple-digit inflation. … Hugo Yasky, secretary general of the major CTA union, posted on X that the strike was against ‘a government that only benefits the rich at the expense of the people, gives away natural resources and seeks to eliminate workers’ rights.'” (05/09/24)