Javier Milei, the chainsaw-wielding economist president, followed through on his promise of “shock therapy,” taming inflation by cutting spending and deregulating the economy.

The chainsaw-wielding economist follows through on his promise of 'shock therapy,' prioritizing taming inflation by cutting spending and deregulating

With expected good access to the new White House, it will be up to Milei and his team to distinguish personal ideology from national interest and act accordingly.

(AP Photo/Cristian Hernandez) Venezuela’s opposition leader Edmundo Gonzalez Urrutia, right, and Argentine President Javier Milei hold hands from the government house balcony in Buenos Aires, Argentina, Saturday, Jan. 4, 2025. Gonzalez, who claims he won ...

Milei is often branded a “right-wing populist,” “far-right outsider,” and “far-right libertarian.” The fascist Peronists, socialists, and unionists who spent decades gutting and plundering one of the wealthiest nations in the world are never assigned such ideological designations.

To Venezuelan President Nicolas Maduro, Javier Milei is a “cowardly bug,” “fascist trash” and an “ugly, stupid SOB.” To Mr. Milei, Argentina’s president, the socialist strongman in Caracas is the political gift that keeps on giving.

As Donald Trump prepares to assume power for a second term Monday, avowed admirer Javier Milei of Argentina has his sights set on becoming the US president's man in Latin America.

Mr Milei’s economic management is a vast improvement on that of his predecessor. During the previous left-wing Peronist administration, the government won over voters by running up vast budget deficits.

A seemingly all-powerful Javier Milei has taken Argentina, and a great part of the world, by storm.

González, who the United States recognized as the winner of last year's presidential election in Venezuela, kicked off an international tour on Saturday that will take him to Washington.

Argentina's annual inflation rate fell to 117.8 percent in 2024, marking a significant drop of 93.6 points compared to the record 211.4 percent inflation

Both president Nicolás Maduro and opposition leader María Corina Machado, who is currently in hiding, have urged their supporters to take to the streets on Friday.View on euronews