Argentina's President Mauricio Macri pledged Monday to press ahead with an austerity drive in Latin America's third-largest economy, following a sweeping victory in mid-term elections. Macri told a news conference at his Casa Rosada presidential palace in Buenos Aires he would target the large budget deficit and inflation in the remaining two years of his mandate.
Macri's Cambiemos, or "Let's Change," coalition won decisive victories across the country in Sunday's mid-term elections which were widely seen as a referendum on his reformist government.