Thousands march in Buenos Aires to protest Argentina's IMF credit bid

Saturday, May 26th 2018 - 08:32 UTC

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Opposition parties, unions, human rights organizations and artists marched next to Buenos Aires’ emblematic obelisk, under the banner “the country is in danger.”

Thousands of Argentines on Friday protested the government’s bid to secure a credit line from the International Monetary Fund, which they blame for hardship during a past financial crisis. Opposition parties, unions, human rights organizations and artists took part in the march near the capital Buenos Aires’ emblematic obelisk, under the banner “the country is in danger.”

The protest is the latest of several organized since President Mauricio Macri announced on May 8 that he had started financing negotiations with the IMF after weeks of market volatility.

The unexpected move surprised investors and stoked Argentines’ fears of a repeat of the nation’s devastating 2001-2002 economic collapse.

Many Argentines blame IMF-imposed austerity measures for worsening the crisis, which impoverished millions and turned Argentina into a global pariah after the government defaulted on a record US$100 billion in debt.

Categories: Economy, Politics, Argentina.

Tags: Argentina, Argentina's IMF credit, FMI, Mauricio Macri.

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Enrique Massot
While thousands of Argentines marched on 9 de Julio Avenue, president Mauricio Macri marched, with his government team's long faces as only company, from Casa Rosada to the Metropolitan Cathedral to hear the traditional May 25 homily.

There, Macri had to listen to Buenos Aires Cardinal Mario Poli speak about the situation many Argentines are currently enduring.

“The indifference of the wealthy towards the poor does not escape to God's eyes,” Poli said.

“The first duty of the State is to care for the citizens' life.”

https://www.cronista.com/economiapolitica/Macri-participa-hoy-del-Tedeum-en-la-Catedral-y-ofrecera-un-locro-en-Olivos-20180525-0061.html Copyright © www.cronista.com
May 27th, 2018 - 04:59 am 0
port albert
A good dose of commonsense to most Argentinos would perhaps allow them to realize that they, the majority of Argentinos are responsible for their bankrupt state. Not the IMF; not western capitalists but their own selfish and unprincipled behavior. Nothing will change until a strong dose of commonsense makes them realize that they created the situation and unless they change their attitude, it is impossible for politicians of principle such as Macri to lead them into the free, modern world. The rest of the Free World will continue to move on, with or without Argentina.
May 27th, 2018 - 07:46 am 0
chronic
Comrade Reeeeeeeeeekie, did I see you in the television protest coverage? No?

Oh, that's right.

You're in canuckistan.

Have you ever been to rg in this millennium?

Huh?
May 27th, 2018 - 12:51 pm 0

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