Court accepts action against Javier Milei’s ‘decree’ in Argentina, say newspapers – 12/23/2023 – Market

The Argentine Litigation and Administrative Court admitted the action proposed by the former director of the National Bank Claudio Lozano and representatives of the Observatory of the Right to the City as a collective demand. It was filed with the Register of Collective Proceedings in Buenos Aires.

Lozano and the Observatory request that President Javier Milei’s “decree” be declared unconstitutional. The information was published by the Argentine newspapers Clarín and La Nacion.

The request will now be analyzed by federal judge Esteban Fumari. The group claims Milei’s decrees constitute “misappropriation of power and abuse of public law, as they violate the republican principle, the division of powers, democracy, the principle of law and the collective rights of Argentine citizenship”, says the text obtained by two publications.

Earlier this week, Argentina’s newly inaugurated president proposed more than 300 measures to deregulate the country’s economy, including eliminating price controls and bureaucracy to help promote industrial activity.

Milei, a libertarian economist who entered politics about four years ago, said he wants to drastically reduce the size of government and eliminate the fiscal deficit.

Argentina is mired in a prolonged economic crisis, with triple-digit inflation, negative reserves, rapid devaluation of the peso and more than 40% of the population living in poverty.

The government must speak to the Court on the issue and respond to the questions raised in the action.

By admitting the collective lawsuit, according to La Nacion, the judge prevents other actions from being opened, as all cases will be concentrated in just one.