New president tells Argentina 'shock treatment' looms - News Summed Up

New president tells Argentina 'shock treatment' looms


Argentina's new far-right president has vowed to deliver economic "shock treatment" in his first speech after formally taking office. "The bottom line is that there is no alternative to austerity and there is no alternative to shock treatment," Mr Milei said. Mr Milei has risen rapidly from relative obscurity to Argentina's highest office on a right-wing platform which includes restricting abortion rights and liberalising gun laws. Mr Milei was presented with the blue and white presidential sash and baton, which he had personalised with engravings of his five dogs. The pair were pictured embracing and Mr Zelensky later told reporters they had discussed ways Argentina could support Ukraine.


Source: Daily Nation December 11, 2023 05:37 UTC



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