Argentina's president faces 1-day general strike as foes seek to derail his austerity agenda

abcnews.go.com:

Argentina's President Javier Milei faced a one-day general strike Wednesday protesting his decree targeting unions as well as his proposals for economic and labor law changes

BUENOS AIRES, Argentina — Argentina’s President Javier Milei faced a one-day general strike Wednesday protesting his decree targeting unions as well as his proposals for economic and labor law changes, showing that his opponents are wasting no time in trying to derail his austerity agenda.

The biggest union, known by its acronym CGT, organized the strike and was joined by other unions. Strikers took to the streets in the capital, Buenos Aires, and other cities across the country, joined by social groups and political opponents, including the Peronist party that dominated national politics for decades.

Until his presidential run, Milei, a libertarian economist, was known mostly for his televised screeds against the political caste, and he secured victory last year by a wide margin before taking office just over a month ago. A self-declared “anarcho-capitalist,” he pledged a drastic reduction in state spending aimed at shoring up a government budget deficit that he says is fueling red-hot inflation, which finished 2023 at 211%.

On Dec. 20, Milei issued a decree that would revoke or modify hundreds of existing laws so as to limit the power of unions and deregulate an economy featuring notoriously heavy state intervention. A court ruling has put the labor changes on hold. He also sent an omnibus bill to Congress that would enact sweeping reforms in the political, social, fiscal, legal, administrative and security fields.

It remained unclear if the strike, scheduled to end at midnight, would amount to a speedbump to his agenda or no obstacle at all.

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