Thousands of Argentinians, made up of activists and small business owners, marched against the government’s austerity measures which have been set into motion by their president, Mauricio Macri.
Just this Thursday, activists took their rally to the streets of Buenos Aires, despite the rain, to protest against the measures that President Mauricio Macri has implemented. According to them, these austerity measures are to blame for the increased hardships workers have to face alongside the declining growth in businesses.
The protestors carry with them tons of banners with slogans that demand things like “better salaries” and “decent work”. There’s even a slogan that says “Bye Macri” written in bold red fonts.
Albeit the heavy rains and storm clouds, the protesters still continue their march, beating drums and shouting their voices along the way. Some of them even blocked a major highway during their march.
Despite the seemingly frequent occurrence of street protests as of late, this particular march has displayed the dissatisfaction of the Argentinian citizens toward Macri, whose overall approval rating has massively declined this year.
The leader has been implementing these austerity measures in an effort to meet up with the $56.3 billion bailout agreement the country has made with the International Monetary Fund the previous year. Such steep inflation even affected purchasing power heavily.
Although there have been signs of improvements, the country’s economy still suffers a major downfall due to ridiculously high interest rates and steep inflation with an annual rate of over 50%.
Critics blame the austerity measures implemented by Macri for such crisis, considering that these measures resulted in cutting education and health programs in an effort to balance the country’s budget. The government even proclaimed that such measures are necessary to rebalance Argentina’s economy.
However, this comes in the cost of the citizens suffering from higher utility bills and lower workforce demand. As of now, more than a third of Argentinians are living in poverty, while the cases of homelessness are on the rise.