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Latin Times
Latin Times
World
Agence France-Presse (AFP)

Argentina's Milei Warns Of 'Shock' Austerity As He Takes Office

The 53-year-old libertarian addressed thousands of supporters from the steps of Congress, who waved flags and chanted "freedom!" and "chainsaw!" in reference to the power tool he carried around on the campaign trail to symbolize spending cuts. (Credit: AFP)

Argentina's President Javier Milei took office Sunday with a stark warning to citizens to brace themselves for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers.

The 53-year-old libertarian addressed thousands of supporters from the steps of Congress, who waved flags and chanted "freedom!" and "chainsaw!" in reference to the power tool he carried around on the campaign trail to symbolize spending cuts.

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