{"id":2121078,"date":"2023-12-10T13:17:02","date_gmt":"2023-12-10T18:17:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/milei-gets-inaugurated-warns-about-unavoidable-economic-shock\/"},"modified":"2023-12-10T13:19:45","modified_gmt":"2023-12-10T18:19:45","slug":"milei-gets-inaugurated-warns-about-unavoidable-economic-shock","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/milei-gets-inaugurated-warns-about-unavoidable-economic-shock\/","title":{"rendered":"Milei inaugurated, warns of inevitable economic shock"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmilei-gets-inaugurated-warns-about-unavoidable-economic-shock%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2121078&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">President Javier Milei Takes Office in Argentina BUENOS\u2063 AIRES, ARGENTINA \u2013 DECEMBER 10: President of Argentina Javier Milei\u200b gives a speech after his Inauguration Ceremony at National Congress on December 10, 2023 in Buenos Aires, Argentina. (Photo \u200bby Marcelo Endelli\/Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/abril-elfi\" target=\"_blank\" rel=\"noreferrer noopener\">Abril Elfi<\/a><br \/>10:06 AM \u2013 \u2064Sunday, December 10, 2023<\/p>\n<p>Argentine libertarian economist Javier Milei has taken office \u200band issued a warning about the country&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-monthly-inflation-again-passes-economists-expectations-highest-annual-rate-in-more-than-12-years\/\" title=\"BREAKING: Monthly Inflation AGAIN Passes Economists\u2019 Expectations, Highest Annual Rate In More Than 12 Years\">economic inflation<\/a> in his inaugural speech.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 Javier Milei has officially been sworn in as President \u200dof Argentina.<\/p>\n<p> <a href=\"https:\/\/t.co\/JjLk7sv8rq\">pic.twitter.com\/JjLk7sv8rq<\/a><\/p>\n<p>\u2014 Benny Johnson (@bennyjohnson) <a href=\"https:\/\/twitter.com\/bennyjohnson\/status\/1733886456601407992?ref_src=twsrc%5Etfw\">December 10, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>In his inaugural speech, Milei, who took office on Sunday, \u200bwarned that the nation was facing its worst economic \u2063crisis in decades and that inflation was on the verge of 200%.\u200c He offered no other solution.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThere is no alternative to a shock adjustment,\u201d \u200dhe \u200dsaid. \u201cThere is no money.\u201d<\/p>\n<\/blockquote>\n<p>He continued, stating \u200cthat \u201cthe outgoing government has left us\u2063 on track towards hyperinflation. \u2062We are\u200c going\u2062 to do everything we can to avoid such a catastrophe.\u201d<\/p>\n<p>Although there were few specifics in \u2063his speech, he stated that one of the most important things would be to make cuts in the budget\u200d that would amount to 5% of the nation\u2019s GDP and that these cuts would come from \u201cthe state and \u200cnot the private sector.\u201d<\/p>\n<p>He stated that even though\u2064 it will be hard they \u201cwill get it done. Long live Liberty dammit!\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Milei at inauguration: \u201cIt\u2019ll be\u200b hard, but we\u2019ll get it done. Long live \u200bLiberty dammit!\u201d<a href=\"https:\/\/t.co\/M0YTk5e4L1\">pic.twitter.com\/M0YTk5e4L1<\/a><\/p>\n<p>\u2014 Tuur Demeester (@TuurDemeester) <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/1733879755852619999?ref_src=twsrc%5Etfw\">December 10, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Even though his \u2064shock therapy economic plan of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/five-ways-our-massive-debt-threatens-the-economy\/\" title=\"Five Ways Our Massive Debt Threatens the Economy\">deep spending cuts<\/a>\u2062 has been well received by investors and has \u2064the potential to stabilize the troubled economy, \u200cit runs the risk of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-the-media-wants-to-make-marjorie-taylor-greene-the-new-face-of-the-gop\/\" title=\"Why The Media Wants To Make Marjorie Taylor Greene The New Face Of The GOP\">making matters worse<\/a> for the already over two-fifths of the population living \u200cin poverty.<\/p>\n<p>But voters, \u2062who helped Milei defeat the\u200c front-runner of \u2063the ruling Peronist\u2062 coalition in \u2063a runoff \u200belection in November, have stated they were willing to take a chance on his occasionally extreme ideas, such as \u200cdollarizing and closing the central bank.<\/p>\n<p>A 72-year-old doctor, Marcelo Altamira, stated that Milei \u201cis the last\u2062 hope\u201d Argentinians have as the Peronist government \u201chad destroyed the government.\u201d<\/p>\n<p>Many \u2063showed \u2063their support for Milei at his inauguration in Argentina including Ukrainemilei<\/p>\n<p> President Volodymyr Zelenskyy.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">  \u200c<blockquote\u200b data <br \/>\n<h2> What are \u2062the pressing\u200b issues that President Javier Milei is addressing in Argentina?<\/h2>\n<p><span>  President Javier Milei Takes Office in Argentina<\/p>\n<p>On December 10, 2023, Javier Milei was inaugurated as the President of Argentina. As an Argentine libertarian economist, he has wasted no time in addressing the pressing \u2063issues facing the country, particularly its economic \u200binflation. In his inaugural speech, Milei issued a warning about\u200c the severity of the economic crisis Argentina is currently facing.<\/p>\n<p>Milei highlighted that\u200c the nation is on the \u200bverge of \u200dexperiencing its worst\u200c economic crisis in decades, \u2062with inflation\u200b reaching\u2063 a staggering 200%.\u200c This alarming\u200d figure emphasizes the urgency for \u200cimmediate action. However, the President did\u2063 not offer\u2062 any specific solutions during his speech.<\/p>\n<p>&#8220;There is\u200d no alternative to a shock adjustment. There is no\u2062 money,&#8221; Milei boldly \u2064stated. This \u200cacknowledgment emphasizes the gravity of the situation and the need for drastic measures. He expressed \u2062concern that the\u2064 outgoing \u2064government \u2062has left the country on\u2063 the path to hyperinflation and emphasized \u200cthe importance of preventing such\u200c a\u200c catastrophe.<\/p>\n<p>While Milei \u200ddid not provide\u2063 detailed plans, he mentioned that significant \u2062budget cuts of 5% of the nation&#8217;s GDP would be \u2062necessary. These cuts would \u2063primarily come from the \u2062state, rather than burdening the \u2062private sector. Milei&#8217;s approach\u200c aims to reduce the financial strain\u200d on the public and stimulate\u200c economic growth.<\/p>\n<p>The new President&#8217;s bold statements indicate his \u2062commitment\u200d to\u200d tackling Argentina&#8217;s\u200d economic challenges head-on. Milei recognizes the severity of \u200bthe situation and \u200bthe\u200d need for\u200c immediate action. While his speech lacked specific measures, it demonstrates his \u200cdetermination\u200d to prioritize the well-being of the country above all else.<\/p>\n<p>The coming months will prove\u200c crucial for President Milei&#8217;s administration as they work towards\u2063 stabilizing the economy and finding\u200b effective solutions \u200dto combat inflation. \u200cThe international\u200c community \u200dwill eagerly observe his progress and strategies, as Argentina&#8217;s economic future has significant implications\u2062 not \u200donly for its citizens but also for the \u2063global economy.<\/p>\n<p>As\u200c President Milei embarks on this challenging task, the Argentine people hope for a stronger and more prosperous future. With a commitment to fiscal responsibility and necessary adjustments, \u2064it\u200d is \u200bthe\u2064 collective hope of\u200b the nation \u2063that Argentina will overcome its economic woes and regain \u2063stability.<\/p>\n<p>In the uncertain times ahead, Milei&#8217;s leadership will be tested, but his determination and vision for a better Argentina offer a glimmer of hope.\u200d Time\u200d will\u2062 tell if his approach and policies can lead the\u2062 nation towards economic recovery and a brighter future for all Argentinians.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Becomes President of Argentina, delivering a speech at his inauguration ceremony in Buenos Aires<\/p>\n","protected":false},"author":2196,"featured_media":2121079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2121078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2121078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2196"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2121078"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2121078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2121079"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2121078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2121078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2121078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}