Javier Milei: New president tells Argentina 'shock treatment' looms

Argentina's new far-right president has vowed to deliver economic "shock treatment" in his first speech after formally taking office.

Javier Milei warned Argentines "there is no money" and recommitted to a programme of harsh austerity measures.

The populist outsider won a surprise election victory in November with radical pledges to overhaul the South American nation's ailing economy.

Mr Milei's inauguration was held in Buenos Aires on Sunday. read more