In blow to Mexican president, finance minister quits over economic 'extremism'

MEXICO CITY - Mexico’s moderate Finance Minister Carlos Urzua resigned on Tuesday with a letter that shocked markets by citing “extremism” in economic policy, before President Andres Manuel Lopez Obrador quickly named a well-regarded deputy minister to replace him.

“I’m convinced that economic policy should always be evidence-based, careful of potential impacts and free of extremism, either from the right or the left,” Urzua wrote.He also said there were what he called conflicts of interest in the appointment of some ministry officials imposed on him by influential members of the government. He did not give more details.

“ is a well-known figure with good dialogue with market participants and is not perceived as a ... dogmatic individual,” said Alberto Ramos, head of Latin American research at Goldman Sachs. Before the government took office on Dec. 1, Urzua was tasked with meeting with dozens of investment funds to convey that the government was center-left, rather than leftist.

Urzua deeply cut back spending programs in a strategy aimed at cleaning out corruption and largesse with a new, more centralized model of assistance. He also began a program of centralizing procurement, in another drive for efficiency and clean government.

economic? come on the whole government of LopezO is a darn mess,,,

AMLO is the cheap version of Trump.

Also known as Socialism

Hyperbolic statement made by UK judges in Tommy Robinson case

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Mexican Finance Minister Carlos Urzúa ResignsThe member of Andrés Manuel López Obrador’s cabinet cited differences over economic policy and what he considered to be insufficiently prepared officials. The peso weakened sharply against the dollar. Our country is falling apart with this incompetent president. Please note I do not say this lightly. Mexico is at great risk under the current government. jenarovillamil In a nutshell, shit has his the fan, abandon ship. The Mexican economy is in recession and nobody is interested.
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

Ireland's finance minister sees significant risk of disorderly BrexitIreland thinks there is now a significant risk of a disorderly Brexit and is tak... Says the EU regime puppet who has his statelet's budget approved by the Bundestag. Ireland had it within its power to mitigate problems related to the future relations with Northern Ireland but chose a hard line instead. The UK had a democratically achieved Referendum result to leave the EU, Ireland should respect & help facilitate that end; if it is a friend.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

EU to consider age limits when choosing IMF candidate: Finland finance ministerEuropean Union states will take into account age limits when they decide on thei... He is hurt I mean. That seems fair. It's retirement age. And your chances of dropping dead do increase exponentially with age. Dying is a little inconvenient for everyone else.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »