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World News@lemmy.worldEnglish · 7 months ago

President Milei sworn in as Argentina braces for economic reforms

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President Milei sworn in as Argentina braces for economic reforms

silencioso@lemmy.world to

World News@lemmy.worldEnglish · 7 months ago

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Argentina's Milei warns of 'shock' austerity as he takes office

Argentina's Javier Milei was sworn in on Sunday, warning the country to brace itself for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers.Milei warned of spending cuts equivalent to five percent of gross domestic product in Latin America's third-biggest economy.

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Vub@lemmy.world
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7 months ago
Like watching a car crash in real time.
- silencioso@lemmy.worldOP
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  7 months ago
  I think the car already crashed and has been burning for years…
  - Vub@lemmy.world
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    7 months ago
    Probably, but now the crashed burned out car has slid off the road and is tumbling down a hillside into the deep sea.
    - Something_Complex@lemmy.world
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      7 months ago
      Hey at least that will put out the fire, they can deal with the huge pressure under the sea right?

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