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HomeNewsWorldFirst protests in Argentina as groups react to Milei austerity plan

First protests in Argentina as groups react to Milei austerity plan

Thousands gathered in Buenos Aires on Wednesday to demonstrate against the government's economic shock measures, marking a significant challenge for Argentina's newly-elected libertarian president, Javier Milei. The protest signals the first major test for his administration amid public discontent.

December 21, 2023 / 07:54 IST
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Thousands gathered in Buenos Aires on Wednesday to demonstrate against the government's economic shock measures, marking a significant challenge for Argentina's newly-elected libertarian president, Javier Milei. The protest signals the first major test for his administration amid public discontent.

Thousands of people took to the streets of Buenos Aires on Wednesday to protest against the government's economic shock measures, in the first real test for Argentina's new libertarian president, Javier Milei.

Milei, who took office earlier this month on a promise to slash public spending, has announced sweeping plans to reform the economy and crack down on protests in recent days, setting up a potential clash with social groups that have pledged to oppose his "shock therapy."

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Milei last week announced a 54% devaluation of peso currency, cuts to subsidies and the closure of some government ministries which he said are needed to address Argentina's acute economic crisis.

Amid a heavy police presence, the protesters, led by groups that represent the unemployed, made their way to the main Plaza de Mayo square, a historic meeting point in front of the presidential palace to demand greater financial support for the poor. Authorities directed protesters away from roads and onto pavements so traffic could pass.