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Newshour: Argentina's Macri Announces Austerity Measures

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Argentina's Macri Announces Austerity Measures

03/09/2018 GMT

BBC World Service - Newshour, Argentina's Macri Announces Austerity Measures

President Mauricio Macri says nearly half of all government ministries will be axed

President Mauricio Macri says nearly half of all government ministries will be axed.

In an address to the nation, Argentina's President Mauricio Macri announced a wave of austerity measures, including axing government ministries and raising taxes on farm exports in order to stem the collapse of the country's peso currency.

Also in the programme: A fire destroys a 200-year-old national museum in Rio de Janeiro and rival blocs tussle to form a government in Iraq.

(Picture: Argentina's President Mauricio Macri. Credit: Getty Images)

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