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Argentina elects right-wing populist Javier Milei as president | World News<\/p>\n
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Argentina has elected a right-wing populist known as “el Loco” (the Madman) as its new president.<\/p>\n
Javier Milei, a self-described anarcho-capitalist who has been compared to former US president Donald Trump, promised to deal with Argentina’s<\/strong> soaring inflation and rising poverty.<\/p>\n “The model of decadence has come to an end, there’s no going back,” Mr Milei said in a defiant speech after winning 56% of the vote versus just 44% for his rival, economy minister Sergio Massa, who conceded.<\/p>\n It was the widest victory margin in a presidential race since the South American country returned to democracy in 1983.<\/p>\n “We have monumental problems ahead: inflation, lack of work, and poverty,” he said. “The situation is critical and there is no place for tepid half-measures.”<\/p>\n Mr Milei’s plans to fix the economy include shutting the central bank, ditching the peso and slashing spending.<\/p>\n The 53-year-old economist and former TV pundit is staunchly anti-abortion, opposes sex education in schools and favours looser gun laws.<\/p>\n He used to carry a chainsaw<\/strong> at his rallies as a symbol of his planned cuts.<\/p>\n Mr Milei favours stronger ties with the US and has criticised China and Brazil, saying he won’t deal with “communists”.<\/p>\n Read more:<\/strong> Despite that Brazilian President Luiz Inacio Lula da Silva wished Mr Milei luck and success, adding that it was important democracy was respected.<\/p>\n
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