Javier Milei: Argentines wait for 'crazy' president's shock therapy to work:
The new president's radical measures to overhaul the economy are loved by some ...
bbc.com/news/world-latin-america-68287245
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Many Argentines Await Results from Milei’s Shock ReformsNew figures put annual inflation above 250%; Silvia also reports that sales of her hair accessories have fallen by more than half.
- Milei won the presidential election with 56% of the vote in November but lacks a majority in Congress for his reform package.
- Figures published this week showed annual inflation had exceeded 250%, the world’s highest rate, while the monthly figure fell from 25.5% in December to 20.6%.
- Silvia says sales of the hair accessories she makes have dropped by more than 50% and that she cannot afford basic foods such as milk, rice and bread.
- Economist Lorena Giorgio says many people may wait six or seven months, but warns that continued high inflation and wages and pensions failing to keep pace could bring social problems by Christmas.
The state is not the solution, the state is the problem itself.— Javier Milei, during a speech at the World Economic Forum in Davos, arguing that the state is not the solution but the problem.
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