If supporters and opponents of Mexican President Andres Manuel Lopez Obrador can agree on anything, it's that he is very stubborn. He says so himself.
MEXICO CITY - If supporters and opponents of Mexican President Andres Manuel Lopez Obrador can agree on anything, it’s that he is very stubborn. He says so himself.
The debate has plunged his relations with business leaders to their lowest ebb, as even some allies urge him to relax his grip on the budget to keep companies afloat in what looks likely to be Mexico’s sharpest recession in decades. Critics on both the left and right said that in bucking conventional economic wisdom, he risks exacerbating a recession that began last year.
Personally austere, and apt to regard past bailouts as breeding grounds for corruption, Lopez Obrador has vowed to reduce Mexico’s dependence on foreign powers. The rhetoric has infuriated Mexico’s top business lobby, whose leader Carlos Salazar was once a prominent defender of the president. The president points to figures showing Mexico has low coronavirus infection rates by international standards, and argues the country will bounce back quickly.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand's central bank adds local government debt to stimulus planNew Zealand's central bank on Tuesday said it would buy up to NZ$3 billion ($1.79 billion) of local government debt to ease liquidity strains in the funding market as it moves to cushion the economy from the fallout of the coronavirus pandemic.
Read more »
What Are Coronabonds And Why Is ‘Nazi War Debt’ Back On The Eurozone’s Table?As Europe’s fight against the coronavirus plays out, a political crisis is emerging over how the money needed to rebuild Europe is raised and how the risk is spread across a number of countries with starkly different economic outlooks.
Read more »
Michael Arceneaux Talks Money and Emotional DebtMichael Arceneaux, author of the memoir and soon-to-be television show I Can’t Date Jesus, has struggled with debt as a writer, juggling student loans and trying to maintain perfect credit. In his new book, I Don’t Want to Die Poor, out this week, he breaks down the personal politics of money. “I really wanted to write about how student loan debt can impact every facet of your life,” he tells Jezebel, “and not necessarily just the financial amount you pay but the emotional debt that we carry.”
Read more »
Debt piling up during the coronavirus outbreak? Here's how to manage itDebt piling up during the coronavirus outbreak? Here's how to manage it investinyou (In partnership with acorns.)
Read more »
Treasury yields edge higher as investors hope for coronavirus slowdownU.S. government debt prices were slightly lower Tuesday morning after Wall Street's sharp rally to start the week, as investors continue to monitor the spread of the coronavirus.
Read more »
Coronavirus Has Shut Stores, and Retailers Are Running Out of TimeWith debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.
Read more »