Argentine libertarian Milei to take presidency with economic crisis in focus By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Argentina will swear in libertarian economist Javier Milei as president on Sunday in a sharp swerve for the South American country as it seeks a radical fix for the worst economic crisis in decades and inflation rapidly heading towards 200%. Milei, 53, a former TV pundit who shot to fame with expletive-ridden tirades against rivals, China, and the pope, will take the presidential sash already showing some signs of a pragmatic and moderate shift since his election win last month. The wild-haired outsider, however, marks a major gamble for Argentina: his shock therapy economic plan of sharp spending cuts has gone down well with investors and could stabilize the embattled economy, but it risks pushing more people into hardship with over two-fifths already in poverty.
Millei, a former TV pundit who shot to fame, is tasked with fixing the worst economic crisis in decades, with inflation rapidly heading towards 200 per cent
Javier Milei was sworn in 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.
Javier Milei set to be sworn in as Argentina president rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.