2024-03-02 01:59:11
Argentina is experiencing an economic crisis with annual inflation of 254% and half of the population lives in poverty
JUAN MABROMATA / AFP Javier Milei during his speech at the opening of the Argentine Congress this Friday (1st)
Javier Miley, president of Argentina, spoke this Friday, 1st, at the opening of the Argentine Congress and referred to parliamentarians as “casta”. “They need to accept that people hate politicians,” Milei told the press. Milei began his speech at 9 pm instead of noon, as is tradition, to coincide with the peak television audience time and amidst tight security. Hundreds of people gathered around Congress in repudiation of the president’s adjustment measures. A Argentina is going through an economic crisis with annual inflation of 254% and half of the population lives in poverty.
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In addition to the accelerated increase in food and medicine prices, the removal of subsidies for public services caused an abrupt adjustment in tariffs. Ten days after his inauguration, Milei issued a presidential decree to modify or revoke more than 300 regulations, including laws on rent, supply and price controls, but the initiative was met with dozens of lawsuits questioning its constitutionality. Afterwards, he tried to approve the “Bus Law”, with 664 articles that sought structural changes, such as the privatization of 41 state-owned companies, and other more curious norms, such as requiring judges to wear a black robe and a gavel. But the bill did not have the success that the government expected and Milei himself ordered its withdrawal.
Opposition political leaders who criticized the DNU were called “useful idiots” by the president. The deputies, both their own and others, who did not approve the articles of the “Bus Law”, were mentioned one by one by Milei on the social network X and classified as traitors. The failure of the law was interpreted by Milei as a triumph, because, as he told journalists, it made it clear that the provincial governors to whom many legislators respond “are criminals”. The International Monetary Fund (FMI), which predicts an economic contraction of 2.8% in 2024 for Argentina, welcomed the measures taken by the government, but recommended that they be calibrated to protect the poorest social sectors. “My adjustment is stronger than that of the IMF”, Milei assured the press on several occasions, referring to his commitment to achieve a surplus of 3% of GDP this year, more than that required by the Fund.
*With information from AFP
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