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Friday, November 9, 2012

Social Upheaval / Protests not limited to Northern Hemisphere part 2: 10,000's protest in Argentina!

Thousands of Argentineans gathered in the streets of capital Buenos Aires to voice anger against the government of Cristina Fernandez de Kirchner. The rally, reportedly the biggest in years, was organized on social networks.
­The protesters banged pots and pans as they rallied against soaring inflation and sky-high levels of crime and corruption. Many demonstrators also said that they were driven to protest by the prospect of President Fernandez seeking a third term in office.
The president’s supporters in Congress have lobbied for a constitutional amendment allowing Fernandez to run for a third consecutive term in 2015. President Fernandez was reelected to a second term in 2011, but her popularity has plummeted since she assumed office.
Protesters also spoke out against restrictions on the purchase of dollars that were introduced last year and ramped up this year. The new law has made it harder for Argentineans worried about inflation to trade in their currency.
Official data on inflation in the country puts the current rate at 12%, though some economists predict the actual figure is much higher.
The International Monetary Fund warned Argentina in September that the country could face sanctions if it fails to produce reliable growth and bring down inflation by December.
The Argentinean leadership has claimed that the economic crisis gripping the country is the result of a global recession, not government policy.
Continue Reading: Tens of thousands rally for Argentina's biggest protest in years (VIDEO, PHOTOS) — RT

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