Tuesday, April 12, 2005

Secretary of Finance praises AMLO's restraint

The Mexican Secretary of Finance recently praised the restraint of AMLO and his followers. Francisco Gil Diaz said that Lopez Obrador and the PRD had been mature in their decision not to encourage disruptive protests. Instead, AMLO and the PRD have encouraged non-violent demonstrations, and specifically urged bus and taxi drivers not to disrupt streets and highways in protest.

Secretary Gil says that the restraint of the PRD has helped minimize market volatility in the last week. The Mexican stock market even gained some of the value it lost immediately before the desafuero of AMLO last Thursday.

All this highlights something I said last weekend, that the political elites will take extreme positions and make fierce proclamations, but that in the end, even the left is worried about the market and foreign investors.

posted by Michelle @ 1:10 PM,

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