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Argentine President Milei warns economic shock unavoidable in maiden speech

Argentina's new Vice President Victoria Villarruel and Argentina's President Javier Milei embrace during their swearing-in ceremony at the National Congress, in Buenos Aires, Argentina, on 10th December, 2023.

Buenos Aires, ArgentinaReuters Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with inflation heading towards 200 per cent. “There is no alternative to a shock adjustment,” he said on […]