New Argentine president assumes power, promises many changes

  • 9 years ago
After 12 years of often divisive rule and heavy spending on social welfare programs, Argentina's president-elect promises to usher in an era of more civil discourse and roll back much of the spending that many economists say has brought the South American nation to the brink of crisis.
President-elect Mauricio Macri will be sworn in Thursday after defeating the chosen successor of outgoing President Cristina Fernandez during last month's election.
Macri ran on free-market ideas, promising to overhaul a struggling economy and be a leader "who listens more and talks less," a clear dig at Fernandez, who frequently blasted opponents during hours-long speeches.
Macri has promised to undo many of those policies and improve relations with the United States.
While his election victory represented a seismic change in Argentine politics, enacting his reforms will prove difficult.