Milei Is Sworn In as Argentina Braces for His Shock Therapy
- Libertarian leader warns of more pain as he fights inflation
- He’s prioritizing spending cuts over dollarization plan
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Javier Milei took office as Argentina’s president Sunday, promising to eradicate inflation and rescue the nation’s troubled economy with a shock-therapy program based on drastic cuts to public spending.
The libertarian leader, who beat out Argentina’s traditional political coalitions to win an election run-off last month, took the oath of office in a ceremony in congress, where he received the presidential sash from his predecessor to the chant of “freedom, freedom.”