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The Associated Press

In first speech, Argentina's Javier Milei warns nation of painful economic shock

Argentina's newly sworn-in President Javier Milei speaks outside the Congress in Buenos Aires, Argentina, Sunday, Dec. 10, 2023. (Gustavo Garello/AP)

BUENOS AIRES, Argentina — It wasn't the most uplifting of inaugural addresses. Rather, Argentina's newly empowered President Javier Milei presented figures to lay bare the scope of the nation's economic "emergency," and sought to prepare the public for a shock adjustment with drastic public spending cuts.

Milei said in his address to thousands of supporters in the capital, Buenos Aires, that the country doesn't have time to consider other alternatives.

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