As Argentine President, Javier Milei swears to the citizens: "There is no money, shock reforms"

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The ultra-liberal Javier Milei swore by the Constitution of the Republic before the assembled chambers and became the 55th President of Argentina, the tenth since the return of democracy in 1983. Milei received the attributes of command – the light blue and white sash and the… the traditional baton of the President – from the outgoing head of state Alberto Fernandez, while from the seats of the Chamber of Deputies the cry of “freedom, freedom” rang out. Ukrainian President Volodymyr Zelensky was also present at the inauguration ceremony.

The announcement of “shock reforms” For Argentina, “there is no alternative to adaptation and no alternative to shock.” New President Javier Milei said this in his first speech as head of state. The ultra-liberal leader warned citizens that “there is no money” and that the economic reform and stabilization program “will have an impact on activity levels, inflation and poverty.” “We will go through a period of stagflation, but it will be the last bitter gulp that Argentina has to swallow. We have received the worst inheritance in history,” he added.

The first speech “A time of decadence has ended and a path of growth and redemption has begun. The electorate has expressed the desire for change that has no turning back, a new era begins, an era of peace and prosperity.” This was expressed by Javier Milei in his speech on the steps of the Palace of Congress to the thousands of supporters and citizens , who had gathered in front of it on the square of the same name. The latter is an unprecedented gesture in the protocol of presidential inauguration ceremonies, which traditionally included the president's address to the assembled chambers. Milei spoke to the Argentinians in the presence of foreign delegations. Among those present was President of Ukraine Volodymyr Zelensky, with whom Milei exchanged a warm hug.

Zelensky's support “Today I attended the inauguration ceremony of Javier Milei in Buenos Aires. This is a new beginning for Argentina and I wish President Milei and the entire Argentine people to surprise the world with their successes.” Ukrainian President Volodymyr Zelensky wrote it in “X”. “I am also sure that bilateral cooperation between Ukraine and Argentina will be further expanded,” he added.