South American leader steps up ‘shock therapy’ reforms ...News

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South American leader steps up ‘shock therapy’ reforms
Argentinian President Javier Milei has announced a plan to axe 70,000 state jobs Argentinian President Javier Milei has unveiled a plan to slash 70,000 jobs from the state sector and terminate over 200,000 social welfare programs as part of reforms aimed at stabilizing the country’s ailing economy. Milei announced the proposed measures on Tuesday during an hour-long speech at the IEFA Latam Forum in Buenos Aires. In a detailed speech, the president laid out the foundations of his economic plan, emphasizing the alignment of peso futures contracts with the central bank’s 2% monthly crawling peg scheme, and labeling

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