The libertarian economistJavier Miley assured that “today the reconstruction of the country begins”, during the inauguration ceremony of the presidency of Argentina, held this Sunday on the esplanade of the Congress of that South American nation.
The investiture of the new president, whowon the presidency on November 19 with 56% of the votes, began at 11:00 am (local time), and minutes later none other than the outgoing vice president,Cristina Fernández de Kirchner, was the one who swore Milei in, after the now former presidentAlberto Fernandez He will give him the presidential sash and baton.
In a protocol act thatbroke with the country's traditions, the new president decided not to speak to the legislators, whom he considers part of the traditional political caste. However, in a framework in which the ruling party is in a minority in both Houses of Parliament, the president's action cannot be a total break.
"No government has received a worse inheritance," Milei said to those attending the ceremony, among whom were neighboring leaders.Gabriel Boric, From Chile,Luis Lacalle Pou, from Uruguay, andSantiago Pena, of Paraguay.
The Ecuadorian dignitary was also presentDaniel Noboa, heSpanish king Philip VI, Hungarian Prime MinisterViktor Orban, the former Brazilian presidentJair Bolsonaro and especially the president of Ukraine,Volodimir Zelensky, along with other high representatives of various nations.
Between theAbsent from Milei's inauguration were the rulers of Cuba, Venezuela, Nicaragua and Iran., who were not invited because their regimes are considered dictatorships.
In his speechMilei assured that he receives the worst economic inheritance in the history of Argentina and listed the macroeconomic problems that will weigh down his administration.: uncontrolled emission, fiscal deficit, exchange control, high interest rates, low level of activity, high inflation. In addition, he assured that he is preparing a tough fiscal adjustment, of up to 15% of the budget.
“The outgoing Government has left us with hyperinflation and a potential poverty of 90%. There is no alternative solution to the adjustment," he said while certifying that if immediate measures are not taken, inflation can reach 15,000% annually, according to a report in the Spanish newspaperThe country.
His words focused especially on the economic sphere were not completely encouraging for Argentines.. "In the short term the situation will worsen, but we will soon see the fruits," he told them, while adding that "today we begin to retrace the path of decline, we have everything to be the country we always dreamed of."
After the ceremony, Milei traveled in a convertible car along Avenida de Mayo to the Casa Rosada, headquarters of the Argentine government, on a journey where he was accompanied by his sister,Karina Milei, the person closest to the president.
HeArgentina's new cabinet is summarized in nine ministries, with profiles headed by officials with little experience in administration and others who return after their time with the former presidentMauricio Macri(2015-2019).
From the balcony of Casa Rosada and after receiving the foreign delegations attending his inauguration ceremony, Milei fulfilled a tradition of Argentine leaders by greeting those gathered outside the building, while singing “I am the lion” and shouting “Long live freedom, damn”, the usual exclamation of his political campaign.
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