Shortly after Argentine President Javier Milei announced a new attempt at reforms, the powerful umbrella union CGT called a general strike. The country should be paralyzed on May 9.
On Wednesday, his government introduced a scaled-down version of the reforms in parliament, which failed to find a majority among MPs in February.
The bill provides, among other things, for the privatization of state-owned enterprises and for measures to reduce state subsidies.
Milei, elected last year, does not have a governing majority in parliament and must look for allies there. The new bill is expected to be discussed in committees next week before being voted on.
Rosskur is intended to stimulate the economy
The reforms must be approved by both houses of Congress. In the new design, Milei has capitalized on the promise to avoid new debts this year. Moreover, some reforms have been watered down. The head of state, who has been in power since December, wants to stimulate the economy that has been ailing for years with a large-scale medicine.
At the core of his ideas is a drastic reduction in the size of the state apparatus, including social services, as well as a significant reduction in regulation and financial burden on the economy. Trade unions, among others, have mobilized against the economic situation and his reform plans.
Source: Krone
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