“Argentina’s new far-right president has vowed to deliver economic “shock treatment” in his first speech after formally taking office.
Javier Milei warned Argentines “there is no money” and recommitted to a programme of harsh austerity measures.
He said he would undo “decades of decadence” with deep spending cuts, designed to slash huge public debts and drive down inflation, which is now higher than 140%.
The bottom line is that there is no alternative to austerity and there is no alternative to shock treatment,” Mr Milei said.
“We know that in the short term the situation will worsen. But then we will see the fruits of our efforts.”
During the campaign he said he would replace Argentina’s currency with the dollar and abolish the country’s central bank, along with a host of government departments.
The pair were pictured embracing and Mr Zelensky later told reporters they had discussed ways Argentina could support Ukraine.”
The far right extremists libertarians bros ‘free ‘ market….free of consequences market and. ‘small ‘ government…….so everything goes to their pockets….but..but…you’re free to starve…🤔
Colour me surprised when inevitably, he and his cronies walk away with everything that isn’t nailed down, while telling the nation that there’s nothing for them.
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“Argentina’s new far-right president has vowed to deliver economic “shock treatment” in his first speech after formally taking office.
Javier Milei warned Argentines “there is no money” and recommitted to a programme of harsh austerity measures.
He said he would undo “decades of decadence” with deep spending cuts, designed to slash huge public debts and drive down inflation, which is now higher than 140%.
The bottom line is that there is no alternative to austerity and there is no alternative to shock treatment,” Mr Milei said.
“We know that in the short term the situation will worsen. But then we will see the fruits of our efforts.”
During the campaign he said he would replace Argentina’s currency with the dollar and abolish the country’s central bank, along with a host of government departments.
The pair were pictured embracing and Mr Zelensky later told reporters they had discussed ways Argentina could support Ukraine.”
The far right extremists libertarians bros ‘free ‘ market….free of consequences market and. ‘small ‘ government…….so everything goes to their pockets….but..but…you’re free to starve…🤔
Colour me surprised when inevitably, he and his cronies walk away with everything that isn’t nailed down, while telling the nation that there’s nothing for them.