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Argentina a new president. His name Javier Milei. He was a surprise winner of the country's election in November. Mr Milei has to turn around Argentina's poor economy. In particular, he said he would inflation, which is currently around 140 per cent. He also wants to the public debt. Argentina has a lot of money in the past few decades. Mr Milei wants to start repaying it. In his first speech as president, he said the economy "shock treatment" to recover. He said previous governments had too much and that "there is no money left". He warned Argentinians that life would tough for a few years. He said people would have to in "austerity" to help the economy.

Javier Milei is different from any politician Argentina has before. He is a far-right politician. Many people say he similar to former US President Donald Trump and former Brazilian President Jair Bolsonaro. During Milei's election campaign, he was often with a chainsaw. He wanted people to he would make many spending cuts to the economy. He his election victory a turning point in Argentina's history, like the fall of the Berlin Wall in 1989. He has to limit abortion rights and gun laws. He has also environmentalists because he does not in climate change. He said: "We know that in the short term, the situation will , but then we will see the fruits of our efforts."