Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Ambrey: Cameroon-flagged tanker issues distress call following explosion abroad, approximately 60NM south of Yemen's Ahwar.
Araghchi: Iran adopted a constructive approach in its engagement to ensure the European Union and the E3 fully honored their commitments and lifted all sanctions.
Araghchi: After a year of Iran’s full compliance with the agreement, it began implementing gradual, proportionate, and reversible compensatory steps in accordance with its recognized rights under the deal.
Araghchi: Iran demonstrated the utmost restraint in the face of repeated and fundamental violations and made extensive efforts to restore balance and preserve the agreement.
In his letter, Araghchi stated: The E3 failed to fulfill their obligations and instead imposed additional illegal sanctions on Iranian individuals and institutions.
Araghchi: These coercive measures constituted a grave violation of international law and the UN Charter, causing severe disruption in the implementation of the agreement.
Araghchi: Washington initially refrained from fulfilling its commitments, then withdrew from the agreement, reimposed its illegal and unilateral sanctions, and even expanded them.
Araghchi: UN Security Council Resolution 2231 has expired and fully ceased to be in effect as of today, in accordance with its explicit provisions.
Iranian Foreign Ministry: Reimposing sanctions on Iran is illegal
Occupied Palestine: Israeli occupation forces raid homes during a raid on the village of Al-Burj, south of al-Khalil

Argentina's Senate passes key economic reform bill despite protests

  • By Al Mayadeen English
  • Source: News websites
  • 13 Jun 2024 14:55
3 Min Read

Despite public demonstrations against Javier Milei's economic reform plan, Argentina's Senate has passed a bill central to the president's controversial economic vision for the country.

Listen
  • x
  • A man lights a cigarette from trash set alight by anti-government protesters outside Congress, where lawmakers debate a reform bill promoted by Argentine President Javier Milei in Buenos Aires, Argentina, Wednesday, June 12, 2024. (AP)
    A man lights a cigarette from trash set alight by anti-government protesters outside Congress, where lawmakers debate a reform bill promoted by Argentine President Javier Milei in Buenos Aires, Argentina, Wednesday, June 12, 2024. (AP)

Argentina's Senate passed a key bill for President Javier Milei's economic reform plans on Wednesday, as protesters clashed with the police and set fires in front of the Congressional building.

Reuters reported that the bill was divided in a middle 36-36 vote until the head of the chamber, Vice President Victoria Villarruel, broke the tie in a decisive general vote. 

Following a lengthy debate, the bill was passed, and senators are now preparing to vote on each article within the package aimed at increasing investment through the privatization of state entities and the provision of business incentives.

The bill originally passed the lower house of Deputies in April but will return there for another vote due to amendments made in the Senate. 

The main left-leaning Peronist opposition bloc, strongly aligned with unions, voted down the "bases" bill, while a separate fiscal package still awaits a vote.

As Villarruel passed the vote, she made remarks on the existence of "two Argentinas... A violent Argentina that sets a car on fire, throws rocks, and debates the exercise of democracy, and another Argentina with workers waiting with great pain and sacrifice for the change that they voted for."

Protesters, however, disagreed amid concerns about increasing unemployment and consumer price rates. 

Social leader Luis D'Elia said, "Argentine people's lives are at play. We've drunk this poison several times: to have zero inflation with zero economic activity," while protesting before thousands of demonstrators. 

Related News

Trump 'extorts' Argentinians, links aid to Milei’s midterm success

Trump endorses Milei for Argentina election during White House visit

“Jabalina”

Porque un hombre practicó lanzamiento de jabalina con fuego en la punta durante las manifestaciones contra la Ley Bases. pic.twitter.com/o2Ch9q5zsZ

— Tendencias en Argentina (@porqueTTarg) June 12, 2024

Milei celebrates...

The Presidential office, on the other hand, celebrated the bill in a statement reading, "What happened tonight is a triumph for the Argentine people and the first step to recovering our greatness." 

In light of the congressional decision, Milei said, "We are going to change Argentina. We'll make a liberal Argentina," noting that he would take a second go at it in 2025 if his reforms failed. 

A government official, speaking anonymously, stated that they anticipated the bill would receive general approval from the Senate, though it would be "more altered than we would like."

The official noted that passing the "bases" bill would "accelerate the growth process, primarily by attracting investment into the country."

Milei's government, which holds only a minority of seats in both chambers, had been negotiating to gain allies. It anticipated changes to the bill but aimed for at least general approval.

President Milei is implementing drastic cuts in public spending across various sectors, including subsidies and state-owned enterprises, as part of a radical free-market experiment. The goal is to restore the country's credibility with foreign investors and combat hyperinflation.

However, in the short term, these deregulation and austerity measures have led to increased inflation, currently standing at 289% annually, one of the highest rates globally. This has significantly impacted the lives of ordinary Argentinians and contributed to the country's economic downturn.

Read more: Argentina's oil provinces threaten Milei to cut supply

  • Javier Milei
  • Economic inflation
  • Argentina
  • Argentinian Economy

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Residents remove debris from a house damaged by Wednesday's two drone strikes, in Kabul, Afghanistan, Thursday, Oct. 16, 2025 (AP)
Politics

Afghanistan-Pakistan negotiations to begin in Doha: Exclusive

Palestine Action wins court fight to challenge UK terror ban
Politics

Palestine Action wins court fight to challenge UK 'terror' ban

John Bolton surrenders after classified documents indictment
Politics

John Bolton turns himself in after classified documents indictment

GSF, GMTG slams EU over complicity in Gaza genocide
Politics

GSF, GMTG slam EU over complicity in crimes against Palestinians

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS