Pensioners, unions and opposition protest Milei’s economic policies and backing a “scam” cryptocurre

(20 Feb 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Buenos Aires, Argentina – 19 February 2025
1. Woman yells at motorized police, UPSOUND (Spanish), "These are retirees; what are you doing with those guns? Cowards, cowards!"
2. Police pushing protesters out of the street
3. Various of riot police in front of Congress
4. Alberto Schocron, 78, holds a sign that reads (Spanish) "Don’t kill us with clubs nor with hunger."
5. SOUNDBITE (Spanish) Alberto Schocron, 78, retired doctor:
"Many people are dying (due to the low pensions), and since I am a doctor, I tell you: this (economic) plan is going to kill more people than the pandemic itself, and this comes from someone who has worked in pandemics since the 1980s (with the HIV pandemic)."
6. Various of protesters singing UPSOUND (Spanish) "How awful must be to make a living beating up retirees."
7. Doctor protesting holds a sign that reads (Spanish), "With the money of the crypto scam, we could buy medicine for the retirees. Milei and their band of scammers."
8. SOUNDBITE (Spanish) Carlos Moreira, 71, retired businessman:
"The crypto (coin) was public and notorious, and it was a scam, and the president (Milei) was the necessary architect for that scam. But what the people have to know is that the grand theft was done to retirees and public employees; it was done to those who were promised that he would attack the caste and (instead) is attacking the poorest, which he sends the police to repress. Every Wednesday, we have police who repress us."
9. Police
10. Doctors protesting chant UPSOUND (Spanish) "Police out, police out."
11. SOUNDBITE (Spanish) Alicia Torroija, 78, retired psychologist:
"Today, with the cryptocurrency and all this story, they came to leave the earth scorched, to steal everything from us, to rob us all, and that is what they are doing, stealing everything and starving us all."
12. Protest
STORYLINE:
Protesters clashed with police on Wednesday as they attempted to march around Argentina’s Congress to demand higher pensions and against austerity measures implemented by President Javier Milei.

After taking power a year ago, Milei implemented a series of austerity measures to address the country’s economic woes. These included slashing energy and transportation subsidies, laying off tens of thousands of government workers, freezing public infrastructure projects, and imposing wage and pension freezes below inflation.

Protesters, including pensioners, members, and supporters of opposition parties, have held small marches every Wednesday to protest their scant pensions and reduced health plans.

Protesters reacted to the ongoing scandal affecting Milei’s government after he promoted in X a cyber currency named $LIBRA last week that collapsed, causing millions of dollars in losses to its brief investors, according to financial site Dexscreener.

The coin, developed by KIP Protocol and Hayden Davis, could be obtained by accessing a link that directed users to a website called vivalalibertadproject.com, referring to the well-known phrase with which Milei closes speeches and messages on his social media.

In a statement on Saturday, the President’s Office said that Milei was not involved in any stage of the cryptocurrency’s development and decided to remove the post to avoid speculation and limit further exposure following the public reaction to the project’s launch.

Argentina’s retirees are perhaps the most potent symbol of the strife inflicted by Milei’s fiscal shock.

Signs have emerged that Argentina’s bizarre and long-mismanaged economy is starting to look more normal.

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