"Argentinian Nationwide Strike Challenges Milei's Economic Policies"

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Source: CNBC
"Argentinian Nationwide Strike Challenges Milei's Economic Policies"
Photo: CNBC
TL;DR Summary

Argentina's largest labor union held a nationwide general strike to protest President Javier Milei's shock economic agenda, just 45 days after he took office. The strike, called by the opposition-aligned Confederación General del Trabajo (CGT), represents a significant test for Milei, who has announced sweeping measures to deregulate the economy. While analysts believe the strike may not have an immediate impact, they warn of potential disruption to economic activity in the future. Milei's administration has responded unfavorably to the strike, docking a day's pay from striking public servants and establishing a hotline to report "threats and pressure" on workers. Argentina is currently facing a profound economic crisis, with high inflation and widespread poverty, and Milei has proposed "shock therapy" measures to address the situation.

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