Former mayor of Buenos Aires, Mauricio Macri is sworn in as president of Argentina with predecessor Cristina Fernandez notably absent from the ceremony. Jillian Kitchener reports.
They were celebrating along the parade route in Buenos Aires as incoming president, Mauricio Macri, made his way to Congress to take the oath of office. Macri won last month's election on a promise of economic revival...and transparency in government. (SOUNDBITE) (Spanish) ARGENTINA PRESIDENT, MAURICIO MACRI, SAYING: "This government is going to fight corruption [PEOPLE APPLAUDING], public property belongs to the citizens and it's unacceptable for a public official to use it for his or her own benefit. I'm going to be relentless with all those from any party or political affiliation, both our own or others, who don't comply with what is outlined in the law." Notably absent from the ceremony was Macri's predecessor, Cristina Fernandez. She refused to attend after a spat over the choice of venue for the ceremonial handover. She was also angry at Macri for seeking a court injunction affirming that her term ended at midnight rather than at the ceremony. But despite the distraction, Fernandez leaves office loved by many for boosting welfare spending after 2002's economic crisis. Macri now takes the reins promising to take Argentina in a different direction. He says it's time to take advantage of the country's vast resources and revive an economy that has fallen short of its potential.