British oil drilling off Malvinas escalates tensions with Argentina

By Paul Bond, 2 March 2010

Britain’s decision to begin exploratory drilling has stoked tensions with the Argentine government over control of the disputed Malvinas (Falklands) Islands, and the oil reserves on the seabed around them.

Workers Struggles: The Americas

11 November 2008

The World Socialist Web Site invites workers and other readers to contribute to this regular feature.

Fearing default, Argentina moves to nationalize private pension funds

By Luis Arce, 24 October 2008

Argentina’s President Cristina Fernandez de Kirchner proposed legislation Tuesday to nationalize the country’s private pension funds—known in Spanish as AFJPs—in an attempt to stave off a new government default on its debt.

Former Argentine generals sentenced to life

US links to the junta

By Debra Watson, 8 September 2008

At the end of last month two former Argentine generals were convicted of kidnapping, torturing and murdering a senator three decades ago, during the military dictatorship of General Jorge Videla.

Wall Street loots Argentine workers’ pensions

By Cesar Uco, 20 August 2001

One of the most important but least known aspects of the current Argentine crisis is the looting of workers’ pension funds by the Buenos Aires government, local banks and Wall Street. Billions of dollars in savings by public employees and other workers are to be put up as collateral as part of the government’s “patriotic call” to rescue Argentina from defaulting on its $130 billion foreign debt.

As markets applaud cuts

Argentine workers strike against austerity measures

By Bill Vann, 25 July 2001

International financial investors appeared satisfied, at least for the moment, with a new round of economic austerity measures that provoked crippling strikes by the Argentine workers last week. The Buenos Aires stock market continued a moderate rebound amid indications that the Peronist opposition as well as the petty-bourgeois left FREPASO coalition are prepared to support the “zero deficit” program advanced by President Fernando De la Rua and his economy minister, Domingo Cavallo.

Argentina: Congress grants Cavallo emergency powers

Wall Street's man in charge

By Bill Vann, 28 March 2001

After nearly three years of recession and facing a desperate foreign debt crisis, Argentina's Congress has voted to grant emergency powers to Domingo Cavallo, the newly installed economy minister and author of previous economic plans that plunged the country into a downward spiral of poverty, unemployment and homelessness.

General strike in Argentina

By Gerardo Nebbia, 28 November 2000

A 36-hour general strike called by three union federations in Argentina virtually shut down the nation of 37 million inhabitants last week. The mass walkout was a protest against austerity measures by the De la Rua administration that would cut Social Security benefits and freeze federal and provincial budgets for five years. President De la Rua and Labor Minister Patricia Bullrich denounced the strike.

Argentine debt crisis threatens global turbulence

By Nick Beams, 21 November 2000

In the aftermath of the Asian financial crisis of 1997-98, the government of Argentina won praise from the International Monetary Fund for its embrace of privatisation, government spending cuts and free market “reforms” of its financial system.

Growing hostility to Argentine government's austerity program

By Margaret Rees, 29 June 2000

Backed personally by US President Clinton, Argentina's President Fernando De la Rua is seeking to impose IMF-ordered spending cuts despite a general strike on June 9. About 60 percent of the Argentine work force—that is 7.2 million workers—participated in the 24-hour stoppage to oppose De la Rua' s decree of cuts totalling $938 million, announced on May 29.

Argentine police in violent attack on trade union demonstrators

By Will Marshall, 25 April 2000

Violent scenes erupted outside the Argentine Congress last week as police assaulted workers and trade unionists protesting against the De la Rua government's labour reform bill. Five police were caught on film clubbing a protester senseless as he lay on the sidewalk with blood pouring from his head. One police officer was filmed taking a knife from a protester and then slashing his back with the knife. Police also used tear gas and fired rubber bullets against the crowd of 500, which grew as news of the police brutality spread.

New Argentine government shoots down protesting workers

By Margaret Rees, 30 December 1999

Within a week of taking office, the government of Argentina's newly-elected President Ferdinand De la Rua quickly revealed its true face when paramilitary police shot dead two demonstrators and wounded 50 on December 17 in the provincial capital of the bankrupt Corrientes province.

Indictment of Argentina's military alarms political establishment

By Will Marshall, 30 November 1999

Outgoing Argentine President Carlos Menem has bitterly opposed moves by Spanish judge Baltasar Garzon to indict 98 former Argentine military officers for carrying out atrocities. Garzon's 282-page arrest warrant, issued in Madrid on November 3, documents some of the crimes committed under military rule from 1976 to 1983. During the military's “Dirty War” its officers killed about 30,000 people and illegally imprisoned and tortured many others.

Repudiation of Menem era

New Argentine president to deepen austerity policies

By Bill Vann, 2 November 1999

After a decade in power under the presidency of Carlos Menem, the Peronist party suffered a crushing defeat in Argentina's general elections held October 24.

Argentina's presidential candidates vow to slash spending

By Will Marshall, 18 October 1999

An ongoing economic crisis overshadows the upcoming October 24 presidential elections in Argentina. The country is in its deepest recession in 10 years, with the economy contracting by 3 percent during 1999. Complicating this, Argentina has seen its access to credit worsen since Brazil's currency devaluation in January destabilised and discouraged investment throughout the region.