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Latin America's third-biggest economy is on its knees after decades of debt and financial mismanagement, with annual inflation at 140% and 40% of Argentines living in poverty.
Javier Milei was sworn in Sunday as Argentinas president, as the country steels itself for harsh spending cuts and economic reforms aimed at curbing rampant inflation. The 53-year-old libertarian economist has vowed there will be no half-measures as he tackles decades of overspe ..
‘There is no alternative to austerity and there is no alternative to shock treatment. We know that in the short term the situation will worsen. But then we will see the fruits of our efforts,’ Milei said on Sunday.
"There is no money," said Milei, vowing to put an end to "decades of decadence" by his overspending predecessors . | World News
Javier Milei was sworn in Sunday as Argentina's president, as the country steels itself for harsh spending cuts and economic reforms aimed at curbing rampant inflation.