Javier Milei pledged a “new era” for Argentina as he was sworn in as the country’s new President on December 10, 2023, sealing the ascent of a political newcomer who garnered popularity by advocating shock economic reforms.
Milei is an economist and former political commentator who took to wielding a chainsaw on the campaign to symbolize his intent to slash spending. His rise surprised Argentina’s political establishment, drawing comparisons with former US President Donald Trump.
Javier Milei “new economic era”
Javier Milei, a 53-year-old libertarian economist, has warned that there will be no “half-measures” as he tackles decades of overspending, debt, and complicated currency regulations in Latin America’s third-largest economy.
“I swear to God and country… to carry out with loyalty and patriotism the position of president of the Argentine nation,” he said as he took the oath of office.
Thousands of supporters marched in front of Congress, carrying the country’s blue-and-white flag and screaming Milei’s rallying cry, “Freedom!”
“Perhaps it will take us many years to rebuild the country, but maybe this is the beginning of a new era for us,” said merchant Javier Lobos, 41.
“We will be able to work and strive to fulfill our dreams without the burden of suffocating taxes, inflation, and the strain of a currency system that is crippling our nation.”
After taking the oath of office, Javier Milei will deliver his first speech as president on the steps of Congress. He would later appoint a government of nine ministers, a significant reduction from the existing 18. He has stated that his first batch of legislation will be presented to Congress in a couple of days.
Looking Forward
With the wave of right-wing governments in different parts of the world, a new era is about to come. The same can be said about the Milei in Argentina.
The people of Argentina have invested a lot in Javier Milei by giving him votes. Now, it is his term to bring in the “new economic era” in Argentina.
