On December 10, local time, in Buenos Aires, the capital of Argentina, Argentina's new **Milai gave a speech to the people on the balcony of the Rose Palace in ** Prefecture. Xinhua News Agency (photo by Herman Adrasti).
According to Xinhua News Agency on December 11, Argentina's new Javier Milley was sworn in in the capital Buenos Aires on the 10th local time, officially starting a four-year term. Argentina's new ** was officially inaugurated on the same day.
On the same day, Milley took the oath to the Constitution in the Argentine Congress and received the ribbon and scepter from his predecessor, Fernández. Subsequently, the elected deputy Victoria Villarúel took the oath to the Constitution. In his speech after the swearing-in ceremony, Milley said he would work to drive change to end the recession and rebuild prosperity.
Speaking to the crowd at the scene, Milley said the economic situation in Argentina would "get worse" in the short term. Speaking to thousands of supporters outside the Argentine parliament, Milley told thousands of supporters outside the Argentine parliament that "there is no choice but to adjust, no choice but a budget shock" because "there is no money!".”
Milley promised that he would "make all the necessary decisions to solve the problems caused by 100 years of waste by the political class" and the "worst legacy" he had received.
Later in the day, Milley updated the news on the social platform "X" (formerly Twitter), saying that he had signed a decree to cut the number of Argentine ** departments from 18 to nine.
As previously reported, Argentina, the third-largest economy in Latin America, has been mired in an economic crisis in recent years. Currently, Argentina has an annual inflation rate of more than 140%, a poverty rate of 40%, and a debt of $45 billion in the International Monetary Fund**.
As a far-right liberal politician, Milley was known for his radical economic reform line during his election campaign, including deep spending cuts, central bank closures, and full "dollarization." In the second round of the elections on November 19, Milley defeated former Economy Minister Sergio Massa and was elected Argentina.