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Thousands of Argentines protest soaring inflation

AFP

Thousands of Argentines brought central Buenos Aires to a standstill on Thursday in another massive protest against the South American country’s soaring inflation.

The “Federal march for work and salaries, and against hunger and poverty” was bolstered by thousands of people arriving from outside the capital, heeding the call from multiple unions and left-wing groups critical of center-left President Alberto Fernandez’s social policies.

Calls to protest have become more frequent since the start of the year, as the Argentine economy shows no signs of stemming its inflationary trend.

In the first four months of 2022, prices rose 23 percent, including a 6 percent jump in April, according to figures published Thursday.

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Having already recorded inflation of over 50 percent in 2021, the current rate would surpass even the worst estimates of 60 percent by the end of the year.

Protesters are also angry at the government’s budgetary restraint, a necessity during debt renegotiations with the International Monetary Fund (IMF), which will see the country reduce its annual deficit from three percent of GDP in 2021 to zero by 2025.

Argentina’s left and far left have little clout at the ballot box but a great capacity to organize street protests.

They are vehemently opposed to repaying Argentina’s $44 billion IMF debt, and demand more generous social aid packages.

One of their main slogans is: “the debt is to the people.”

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While the administration has tried to limit expectations of more aid, splits have begun to appear in the government coalition, with Vice President Cristina Kirchner, the former president, openly criticizing Fernandez.

“I don’t think we will honor all the expectations, all the confidence, all the hope that has been placed in us,” she said several days ago, in a veiled barb at the president.

In recent weeks, Fernandez boosted by 50 percent food vouchers for the poor, increased pensions for those working in the informal sector, and also hiked the minimum wage from 38,940 to 45,540 pesos ($319 to $373).

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International

Missile attack hits Kharkiv homes, leaving 13 wounded

Ukrainian President Volodymyr Zelensky said on Friday that a Russian missile attack on residential buildings in the eastern city of Kharkiv has left at least 13 people injured, according to local authorities.

“A horrific Russian attack on Kharkiv,” Zelensky wrote on Telegram, explaining that two missiles were fired, striking residential areas and causing “a number of casualties that is still being clarified.”

Local officials later confirmed that 13 people were injured in the attack, six of whom were hospitalized, including one woman in serious condition.

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International

Sheinbaum evacuates National Palace after 6.5-magnitude earthquake hits Southern Mexico

Mexican President Claudia Sheinbaum Pardo evacuated the National Palace on Friday along with journalists and federal government staff after the seismic alert was activated during her morning press conference, triggered by a 6.5-magnitude earthquake with its epicenter in the south of the country.

The alert sounded while the president was speaking from the Treasury Hall, forcing the immediate interruption of the event and the activation of established safety protocols.

“Oh, it’s shaking,” Sheinbaum said as she noticed the tremor, before urging those present to remain calm.

According to preliminary information, the earthquake struck the state of Guerrero, one of Mexico’s most seismically active regions. The National Seismological Service (SSN) reported that the quake occurred at 7:58 a.m. local time (13:58 GMT).

Sheinbaum led the orderly evacuation of the historic building, accompanied by reporters covering the briefing and federal government personnel. Images released afterward show the president waiting in the central courtyard of the National Palace as she awaited guidance from Civil Protection authorities on whether it was safe to resume activities.

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Canada’s prime minister Mark Carney to join Ukraine peace talks in Paris

Canadian Prime Minister Mark Carney announced on Friday that he will take part in peace negotiations on Ukrainescheduled to be held in Paris on January 5 and 6.

In a statement, the Canadian government said the meeting will bring together countries belonging to the so-called Coalition of the Willing, and aims to “accelerate efforts toward a negotiated peace” in the conflict between Russia and Ukraine, supported by robust security guarantees.

Carney said Canada is working closely with its allies to achieve a “just and lasting peace,” stressing that the Coalition of the Willing must both deter further aggression and reinforce security guarantees, while ensuring that Ukraine is able to rebuild, recover and lay the foundations for genuine prosperity.

The Coalition of the Willing is made up of around 30 countries, the vast majority of them European, all of which are allies of Kyiv.

On Thursday, Ukrainian President Volodymyr Zelensky confirmed that a meeting of the Coalition, alongside other European leaders, will take place in Paris on January 6, focusing on security guarantees for Ukraine in the event of a future peace agreement with Russia.

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