The government has tried to justify the currency devaluation as a necessary measure to prevent the country’s foreign reserves from running out. Other austerity measures have also been planned for the near future
Approximately 400 migrant workers were on strike for weeks after management of the Lebanese waste management company, RAMCO, started cutting their wages and paying them in Lebanese pounds instead of the contractually obligated US dollar
The economic crisis in Argentina has had dire effects on the population’s access to food, total food insecurity rose from 21.7% in 2017 to 29.3% in 2018
In less than a year since the introduction of the RTGS currency, the value of salaries of civil servants in Zimbabwe has dropped to less than 10% of what they were in USD
Protesters demand the extension of social emergency measures, increase of pension and retirement benefits, rise in the Supplementary Social Salary and the implementation of the Food Emergency Act.
Social movements will hold a day-long national struggle to demand concrete measures for the public sectors on August 28.
The intensified struggle is in response to the desperate situation that Argentinians have to face because of a spiraling economic crisis brought about by Macri’s neoliberal policies
The struggling Argentine peso suffered a significant loss in value after the defeat of Mauricio Macri in the primary elections. We spoke to Argentine economist Emiliano López about how and why this occurred
The further devaluation of the Argentine peso last week has plunged the working class of Argentina into further economic insecurity and instability
Manuel Bertoldi, an Argentine social leader from the platform of social movements Frente Patria Grande, analyzes the importance of the victory of the left-wing candidate in the primary elections, recently held in the country.
The results show that Argentines have had enough of Macri’s neoliberal and repressive policies and are ready for a more progressive government
The social leader denounced that the money received by the IMF has been used to stabilize the dollar for electoral purposes