Mexico's Finance Minister Resigns Accusing The Government Of Economic Extremism

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

MEXICO CITY (Reuters) - 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.

In the unusually strongly worded resignation note made public on his Twitter account, Urzua said the government was forming economic policy without sufficient foundation.

“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.

“These convictions did not resonate during my tenure in this administration,” Urzua said.

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Update #1: Mexican Peso Tumbles 2% as Finance Minister Abruptly Resigns (Bloomberg)
Update #2: Mexican peso drops after Finance Minster Urzua resigns (CNBC)

WNU Editor: This resignation is following this depressing report from last week .... Mexico's Murder Rate Is Spiraling Out Of Control (July 5, 2019).