"Argentina's Milei Announces Plan to Axe 70,000 State Jobs in Austerity Move"

Argentine President Javier Milei plans to cut 70,000 government jobs, freeze public works, and terminate social welfare plans as part of his austerity measures to achieve fiscal balance. Despite facing pushback from labor unions and private sector wage losses, Milei remains committed to his strategy, citing optimism among Argentines about the economy's future. He also outlined plans for economic reforms and expressed confidence in a V-shaped economic recovery.