Milei sworn in as argentina braces for economic reforms
Javier Milei was sworn in on Sunday as Argentina’s 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 overspending, debt and convoluted currency controls in Latin America’s third-biggest economy.
“I swear to God and country... to carry out with loyalty and patriotism the position of President of the Argentine nation,” he said as he took the oath of office.
Thousands lined the streets outside Congress, waving the country’s flag and chanting Mr. Milei’s rallying cry of “freedom!”
Diverse set of leaders
The event brings together a diverse handful of world leaders, including Ukraine’s Volodymyr Zelenskyy and Hungary’s Viktor Orban — the only EU leader who has maintained close ties to Russia.
Mr. Milei will give his first speech as President from the steps of Congress. He will later swear in a cabinet of nine Ministers — a major slimdown from the current 18.
He has said his first set of measures will be presented to Congress in a matter of days.
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