Approval gives initial victory to Javier Milei, who has set out agenda of radical economic deregulation but has not yet passed a single piece of legislation
Police in Buenos Aires have used water cannon and teargas to tackle violent protests as Argentina’s Senate narrowly voted to approve the first set of harsh austerity measures proposed by President Javier Miliei.
After 11 hours of heated debate, senators voted 37 to 36 in favour of the bill late on Wednesday, delivering an initial legislative victory to the libertarian leader in his campaign to deliver on hisIf the Senate approves the bills with modifications, the lower house still has to approve them before Milei can officially pass his first law sincerose to power on promises he would resolve Argentina’s worst economic crisis in two decades, with annual inflation climbing toward 300% and a deepening...
Initially dubbed the “omnibus bill” because of its more than 600 articles, the watered-down version at hand still delegates broad legislative powers to the president in energy, pensions, security and other areas.“We have the weakest president we’ve ever seen who is trying to pass the biggest bill we’ve ever seen,” said Ana Iparraguirre, an Argentina-based analyst at Washington strategy firm GBAO. “That’s the contradiction.
“If this law passes, we are going to lose so many of our labour and pension rights,” said 54-year-old teacher Miriam Rajovitcher protesting alongside her colleagues, middle-class Argentines who say they’ve had to reconfigure their lives since Milei slashed their school budgets and devalued the currency, sending inflation soaring. “I am so much worse off.
“Today the government is declaring war on the Argentine people,” Peronist lawmaker Cecilia Moreau told reporters outside Congress.
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