The country’s main labor organizations held a rally at the headquarters of the Argentine judiciary. The far-right leader says that he will hold a plebiscite if Congress rejects his measure
Javier Milei is a confrontational right-wing outsider who rose to the presidency of Argentina in 2023 on a tide of voter dissatisfaction with a political elite whom his supporters blamed for endemic hyperinflation, a currency in free fall, and increasing poverty. A libertarian economist who describes himself as an anarcho-capitalist, Milei first came to national prominence as a flamboyant television pundit and outspoken critic of the country’s political elite.
The new president of Argentina adopted an ominous tone in his first speech to the nation and advanced his plans for a shock adjustment: ‘There is no possible alternative, there is no money’
To address a faltering economy, Argentina chose a leader who has vowed to cut the state’s role drastically. However, international trade and investment demands substantial government involvement, and Buenos Aires can ill afford to jeopardise relations with a top trading partner like China.