Argentina's president warns of economic 'shock treatment'
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READING:
Argentina's new president wants to turn around his country's economy. Javier Milei will cut inflation, which is 140 per cent. He will cut the public debt. In his first speech, he said "there is no money left," so the economy needed "shock treatment". He said life would be tough for a few years.
Javier Milei is a far-right politician. During his election campaign, he carried a chainsaw to show he would cut spending. He said that in the short term, things would worsen, but then they would get better. His election victory was a surprise. He called it a turning point in Argentina's history. He wants to relax gun laws.
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