Milei Sworn In as Argentina's President, Vows Shock Therapy of austerity and Free-Market Reforms
• Newly elected President Javier Milei warns Argentinians to brace for painful economic austerity measures as he seeks to address decades of economic decline • Milei pledges shocking free-market reforms like spending cuts of 5% of GDP and replacing the peso with the US dollar • Milei used an unconventional inauguration speech to signal a radical break from political norms • Milei has rapidly moved to slash the number of government ministries in half in one of his first acts • Milei rose to power as an anti-establishment populist, but may need to temper his most radical policies to govern effectively