Argentina has a new president – level 3

Argentina has a new president

24-11-2023 07:00

Argentina elected right-wing libertarian Javier Milei as its new president, with 56% of the vote.

Milei, riding a wave of voter anger, pledged economic shock therapy, including shutting the central bank, ditching the peso, and slashing spending. Supporters celebrated Milei as a symbol of change and hope for the future while acknowledging the monumental challenges ahead—high inflation, unemployment, and poverty. Milei’s win marks a profound rupture in Argentina’s political landscape, challenging the dominance of traditional parties.

Despite concerns about his volatile character and radical plans, Milei aims to address the economic malaise that has plagued the country.

Difficult words: ditch (to get rid of), volatile (changeable), malaise (a general feeling of discomfort or unease).

You can watch the video news lower on this page.

What economic consequences could be expected as a result of President Milei's policies?

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