Argentina's President-Elect Vows 'Shock' Austerity to Tackle Economic Crises
• Argentina's president-elect plans "shock" economic reforms like deep spending cuts to address crises • Milei aims for fiscal balance by 2024 through state size limits, not tax hikes • Inflation is at 143%; over 40% are in poverty; reserves are negative • Milei warns months ahead could be very tough with his planned austerity • He says a minister spending too much would be fired to reach fiscal balance