Posted 12/27/2023, 11:10:00 PM
Protests Erupt Over Argentine President's Controversial Economic Reform Decree
- Thousands of Argentines protested in Buenos Aires against President Milei's decree of sweeping economic reforms and deregulation
- The reforms would change or eliminate over 350 economic regulations, removing price controls, worker protections, and consumer laws
- Protesters and civic groups say the decree is unconstitutional and demand the courts invalidate it
- Milei aims to cut state spending by 5% of GDP with his "chainsaw plan," including ending automatic pension increases and privatizing some public companies
- The reforms would take effect on Friday unless Congress scraps the decree completely, which is unlikely given Milei's party holds power