Wednesday, 23 October, 2019

Mexico Minister Who Resigned Had Differences With Chief of Staff -President

Mexico’s finance minister quits abruptly sending peso tumbling Mexico City
Steven Clarke | 11 July, 2019, 12:02

The head of the Ministry wrote Tuesday on Twitter.

Urzua said he felt forced to quit by such policy disagreements.

Citing deep differences over economic issues, Mexico Finance Minister Carlos Urzua resigned on Tuesday in a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.

"I am convinced that all economic policy should be enacted on the basis of evidence, taking care of different potential effects and that it is free from all extremism, be it from the right or left", he said.

Urzua, a doctor in economics, indicated in his letter that some public policy decisions of the present administration were made without "sufficient back up".

Floyd Mayweather Got Absolutely Embarrassed During Charity Basketball Game
Floyd was playing defense against famous street hooper Larry " Bone Collector " Williams and he decide to go one on one with him. Mayweather is arguably the most confident athlete in the world, so it's not surprising that he wanted to guard Williams.

The Mexican peso fell over 2% on the news and the benchmark stock index slid nearly 1.5%.

Urzua has been finance minister since Obrador was elected in December 2018. "It's been the fault of influential people from the government, in the case of which an obvious conflict of interest", said Ursua.

"I was appointed [head of office] Deputy Minister Arturo Herrera Gutierrez, a professional economist, who has such virtues as honesty and humanism".

Lopez Obrador tried to downplay Urzua's resignation, saying it was normal for there to be differences within a government that was pushing big changes in the economy and that other resignations were possible. He will lead the country until 2024.

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