Argentina has a new president. His name is Javier Milei. He was a surprise winner the country's election November. Mr Milei has promised to turn Argentina's poor economy. particular, he said he would cut inflation, which is currently 140 per cent. He also wants to slash the public debt. Argentina has borrowed a lot money in the past few decades. Mr Milei wants to start repaying it. his first speech as president, he said the economy needed "shock treatment" to recover. He said previous governments had spent too much and that "there is no money left". He warned Argentinians that life would be tough a few years. He said people would have to live "austerity" to help the economy.
Javier Milei is different any politician Argentina has seen before. He is a far-right politician. Many people say he is similar to former US President Donald Trump and former Brazilian President Jair Bolsonaro. During Milei's election campaign, he was often seen a chainsaw. He wanted people to know he would make many spending cuts to the economy. He called his election victory a turning point Argentina's history, like the fall the Berlin Wall 1989. He has promised to limit abortion rights and relax gun laws. He has also upset environmentalists because he does not believe climate change. He said: "We know that the short term, the situation will worsen, but then we will see the fruits our efforts."
