Mass Protest Against Austerity Plan in Argentina

Thousands of people have taken to the streets of Buenos Aires in the first big protest the new Argentina government’s economic shock policies.

In a speech broadcast on radio and tv, President Milei detailed some of 300 measures, marking what he called only a first step towards reconstruction.

They include privatizing state companies and deregulating mining and other industries. The president said he would cancel the law regulating property rent.

Last week, the government weakened the value of its currency by more than 50% against the us dollar.

Economy Minister Luis Caputo also announced deep cuts to public spending, including a reduction in fuel and transport subsidies.

The March was led by groups that represent the unemployed. Police were deployed in large numbers to stop the protesters from blocking roads.

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The government said on Monday that people who blocked streets could lose their right to receive state benefits.

At train stations early on Wednesday in Buenos Aires, an official announcement was broadcast to commuters that said: He who cuts, does not get paid.