Part 4/10:
President Malay candidly acknowledged the pain to come. During his inauguration speech, he warned Argentinians to prepare for "months of pain," signaling that immediate relief was not on his agenda. His Finance Minister, Leis Caputo—a former banker at JP Morgan and Deutsche Bank—echoed this sentiment, describing the country’s current economic state as an "addiction to debt" and likening the necessary reforms to "shock therapy."