116
Argentina’s Milei Lays Off 7,000 Workers After Christmas
(orinocotribune.com)
News from around the world!
Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc
Austerity never works. I guess Milei went to the IMF school of running a country into ruin.
You realize that Argentina was already run into the ground right? They need radical, cost-cutting, change. I am curious to see what happens.
Learn history and economics and you won't need to be curious
He's devaluing the currency (apparently dollarizing it was even too radical for his supporters) and applying shock therapy and thus building an export Economy and seeling off state assets for pennies to foreign multinationals.
Basically recreating 90s Russia which worked out pretty good as we all know