Far-right populist Javier Milei becomes Argentina's new president

The people of Argentina have spoken: TV celebrity-turned politician Javier Milei will be the next leader of South America's second-largest economy.

Transcript

00:00 Far-right-wing populist Javier Millet becomes Argentina`s next leader. On Sunday night,

00:07 Argentinians elected the fiery freshman lawmaker in the presidential runoff with 55.7 percent

00:13 of votes, an outcome many deemed as impossible just months ago.

00:19 His opponent, economy minister Sergio Massa, secured 44.3 percent of the votes. Millet

00:26 won all but three of the nation`s 24 provinces. Massa had conceded even before the electoral

00:32 authority began announcing preliminary results.

00:35 Millet`s victory represents a political paradigm shift, as Massa`s peronist had dominated Argentine

00:42 politics for decades. He`s taken over from outgoing President Alberto Fernandez and has

00:48 promised to slash government spending, dollarize the economy and eliminates the central bank.

00:54 He will take power on December 10th.

00:56 [WHOOSH]