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Rich Investors Cheer Milei as Argentines Bear Brunt of Austerity

Thousands of Argentine builders laid off as Milei slashes state spending

An Argentine railway builder suffers in the shadow of Milei's cuts

Argentine laborer Pablo Vazquez was finishing a day s shift laying track for a train line near La Plata on the outskirts of Buenos Aires when the foremen called a dozen members of the team.

An Argentine Railway Builder Suffers in the Shadow of Milei's Cuts

Thousands of Argentine builders laid off as Milei slashes state spending

LA PLATA, Argentina (Reuters) -Argentine laborer Pablo Vazquez was finishing a day's shift laying track for a train line near La Plata on the outskirts of Buenos Aires when the foremen called a dozen members of the team together to share bad news. In a shed at the site entrance, the managers said the project had been put on ice as part of a crackdown on public-funded construction works under new libertarian President Javier Milei, who took office just months before in December. Vazquez's story is being repeated around Argentina since Milei, a right-wing economist, came into power pledging to "chainsaw" through over-spending by the state, which he blames for the country's worst economic crisis in decades.