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At the ceremony held in the building of the Buenos Aires legislature, departing head of state Alberto Fernández placed the presidential sash on his successor.
In his inauguration speech, the 53-year-old politician spoke about a drastic economic transformation; he said there was no alternative to “a budgetary shock therapy.”
Mr Milei stressed that the previous government had left behind an empty treasury, and the country had sunk into hyperinflation. He highlighted that the budget had to be adjusted accordingly.
Photo: Fischer Zoltán
“Today, a new era is beginning, the reconstruction of Argentina is beginning,” the new president stated.
“There is no alternative to austerity measures and a shock therapy. I’m repeating one more time, we have no money,” he added.
The ceremony was attended, among others, by Hungarian Prime Minister Viktor Orbán, Spanish King Felipe VI, Chilean President Gabriel Boric, Uruguayan President Luis Lacalle Pou, Paraguayan President Santiago Pena and Ukrainian President Volodymyr Zelenskyy.
The photos taken and the television recordings made at the inauguration ceremony show that Mr Orbán and Mr Zelenskyy met, and even exchanged a few words. In this regard, in answer to a question from the Hungarian news agency MTI, Bertalan Havasi, the Prime Minister’s press chief said regarding Ukraine’s EU accession, the Hungarian Prime Minister told the Ukrainian President that the Member States of the European Union were having ongoing discussions about the issue.
