Sao Paulo
The Argentine Trial and Administrative Court has recognized as a class action the lawsuit proposed by former director of the National Bank Claudio Lozano and representatives of the Observatory for the Right to the City. It was filed with the Buenos Aires Register of Collective Procedures.
Lozano and the Observatory demand that President Javier Milei's “decree” be declared unconstitutional. The information was published by the Argentine newspapers Clarín and La Nacion.
The application will now be examined by federal judge Esteban Fumari. The group claims that Milei's decrees “constitute an abusive usurpation of power and an abuse of public law, since they violate the republican principle, separation of powers, democracy, the principle of justice and the collective rights of Argentine citizenship,” the text says, which has two publications.
Earlier this week, Argentina's newly appointed president proposed more than 300 measures to deregulate the country's economy, including eliminating price controls and red tape to boost industrial activity.
Milei, a libertarian economist who entered politics about four years ago, said he wants to dramatically reduce the size of government and eliminate the budget deficit.
Argentina is mired in a prolonged economic crisis with tripledigit inflation, negative reserves, a rapid devaluation of the peso and more than 40% of the population living in poverty.
The government must speak to the court on this matter and respond to the questions raised in the lawsuit.
According to La Nacion, by allowing the class action lawsuit, the judge is preventing further lawsuits from being opened because all cases would be concentrated in just one case.