Recent clashes between riot police and protesters in Buenos Aires on June 12th highlighted the tensions surrounding President Javier Milei’s approved economic reforms.
Protesters, unhappy with Milei’s austerity measures, faced water cannons, tear gas, and other forms of violence, resulting in numerous injuries.
Background
Milei, often compared to right-wing libertarianism, shares a populist style with ex-U.S. President Donald Trump, drawing both fervent support and fierce opposition.
Upon taking office, Milei vowed drastic change for Argentina, a country battling high poverty rates, advocating for spending cuts, privatization, and foreign investment incentives.
Despite a tight 37-36 Senate vote in favor of his reforms, Milei faces hurdles passing significant laws due to a divided Congress.
Key Details
The bill allows the Executive Branch to act independently, without Congress, declaring an overall year-long “public emergency” in several key areas.
Protesters in Buenos Aires gathered near Congress, voicing their dissent through music, drinks, and grilling, turning confrontational as police clashed with demonstrators.
Critics fear the sweeping powers granted to Milei could undermine democratic checks and balances, concentrating excessive authority in the executive branch.
Since his rise to power, Milei has made controversial moves, including closing gender equality institutions, sparking further outcry.
Milei’s supporters and detractors await further legislative steps amid the ongoing turmoil.
What’s Next?
Milei’s leadership hinges on the successful implementation of economic reforms and securing an International Monetary Fund deal to alleviate Argentina’s hefty $44 billion debt.
His actions have already led to spending cuts and currency devaluation, attracting international attention, including support from tech mogul Elon Musk due to Argentina’s lithium resources essential for electric vehicles.
Milei is set to depart for the G-7 summit in Italy, where he will engage with other world leaders.