Argentina’s chainsaw-wielding next president pledges economic ‘shock therapy’ ...News

Russia Today - Economy
Argentina’s chainsaw-wielding next president pledges economic ‘shock therapy’
source : Russia Today ( News ) () 33
Javier Milei promises to shut down the central bank and ditch the peso Argentina’s president-elect, Javier Milei, has promised “shock therapy” to fix the country’s beleaguered economy, which has been hit by one of the world’s fastest inflation rates and a looming recession, Bloomberg reported on Monday. Milei, who beat Economy Minister Sergio Massa in Sunday’s runoff election, is pledging radical measures for the Argentine economy that will reportedly include shutting the central bank, ditching the peso for the US dollar and slashing public spending. Argentina is faced with a debt of $44 billion due to be paid to

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