Politics Economy Country 2025-11-03T01:42:41+00:00

Argentine Banking Union Rejects Government Reforms

Argentina's banking union has strongly rejected the government's proposed labor and pension reforms, denouncing them as an attempt to destroy wages and privatize the public banking system. The union vows to resist and defend national heritage.


Argentine Banking Union Rejects Government Reforms

We are not willing to allow the privatizing greed of economic power, which destroys the heritage of the Argentine people," the text states, signed by Palazzo - a national deputy for Unión por la Patria. It asserts that the Argentine people "have demonstrated throughout history that they know how to rise up against each onslaught of economic power," and notes that "today we will once again be on the front lines defending the rights we have won." "From this plenary, with the strength of unity, we energetically declare our rejection of any reform that implies a loss of rights, to defend public banking and national heritage, and to firmly sustain trade union organizations, an essential tool of resistance," affirmed the banking union. The organization also expressed its "solidarity with comrade Guillermo Moreno," whom they consider "a victim of a political conviction handed down by a justice system that persecutes and seeks to discipline those who confront real power." The Banking Association believes that the justice system convicts leaders like Moreno while leaving Mauricio Macri impunity in serious cases such as the espionage against the families of the ARA San Juan." The Asociación Bancaria "energetically" rejects "any labor reform that implies a loss of rights," and stated that the project promoted by the government "seeks to destroy the salary," as approved by the plenary of delegates in a document that emphasizes: "Not a step back before the adjustment and the delivery." "Faced with the advance of the Government that tries to impose a regressive labor and pension reform, destroy the salary, privatize the public bank and adjust without limits on workers and retirees, from La Bancaria we reaffirm our commitment to struggle, organization and resistance," affirmed the union. The banking guild, led by Sergio Palazzo, ratified its "unrestricted defense of Public Banking, a fundamental pillar of national development."