Buenos Aires metro fare jumps 360% amid Argentina’s harsh austerity measures
Libertarian president Javier Milei has slashed public spending as he wrestles to tame hyperinflation, now at 289% annuallyCommuters in Buenos Aires have been hit by an overnight 360% increase in subway fares, in one of the most dramatic price hikes in a harsh budget austerity campaign launched by Argentina’s libertarian president, Javier Milei.After weeks of hearings, a judge on Thursday lifted an order that had temporarily blocked the scheduled increase in subway fares. That cleared the way for the change to take effect on Friday morning as office workers across Buenos Aires streamed through the turnstiles of South America’s oldest underground metro. Continue reading...
Libertarian president Javier Milei has slashed public spending as he wrestles to tame hyperinflation, now at 289% annually
Commuters in Buenos Aires have been hit by an overnight 360% increase in subway fares, in one of the most dramatic price hikes in a harsh budget austerity campaign launched by Argentina’s libertarian president, Javier Milei.
After weeks of hearings, a judge on Thursday lifted an order that had temporarily blocked the scheduled increase in subway fares. That cleared the way for the change to take effect on Friday morning as office workers across Buenos Aires streamed through the turnstiles of South America’s oldest underground metro. Continue reading...
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