Argentina's President Milei Implements Radical Deregulation Agenda Amidst Protests

Argentina's right-wing president, Javier Milei, has announced a series of sweeping measures to deregulate the country's economy, including the elimination or amendment of around 300 regulations. Critics fear that these changes could threaten jobs and affordable housing for millions of Argentinians. The reforms build on austerity measures previously unveiled by Milei, which include devaluing the currency and slashing state subsidies. Thousands of people have taken to the streets to protest against the measures, with concerns raised about the heavy-handed security response and potential threats to democratic freedoms. The deregulatory decrees will now be assessed by a joint committee of lawmakers, but Milei is likely to face challenges in his quest to slash the state budget.