Argentina's President Javier Milei on Sunday, December 10, vowed a new era for the country, but warned of painful austerity and an economic crisis that would "worsen" before it gets better. "Today begins a new era in Argentina," he said after being sworn in as president, highlighting that "no government has received a worse inheritance than what we are receiving."

"The bottom line is that there is no alternative to austerity and there is no alternative to shock treatment. "We know that in the short term the situation will worsen. But then we will see the fruits of our efforts."

Le Monde with AP and AFP