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Weekly Report - 9 October 2008 (ISSN 1741-7422)
MEXICO: Calderón tacks to the Left
President Felipe Calderón Hinojosa announced major revisions to the
2009 budget and sent the changes to congress on 8 October. Like right-wing
governments around the world, Calderón is preparing to use public money to boost
the real economy and mitigate the effects of the financial crisis in the US.
Macro-economically, the Mexican economy is in a decent position. The past two
governments ran tight fiscal policies. The result of this sobriety is that the
current government has the resources it needs to keep the economy growing. The
problem for Calderón may be that the international mood for more (rather than
smaller) government may mean that congress will make the key reform to the state
oil monopoly, Petróleos Mexicanos, even more modest than Calderón's original
proposal.
- PT edges municipal elections; Serra and PMDB boost presidential hopes
- PARAGUAY: Conflict over land reform heats up
- CHILE: Pinochet still casts shadow over electoral politics
- TRACKING TRENDS
- PERU: Government shaken by corruption scandal
- VENEZUELA: Chávez moves against opposition
- BOLIVIA: Congress set for showdown over constitution
- COLOMBIA: Tension builds within Uribismo
- TRACKING TRENDS
- MEXICO: Calderón tacks to the Left
- MEXICO: PRI triumphs in Guerrero
- TRACKING TRENDS
- NICARAGUA: Managua mayoral contest kicks off
- GUATEMALA: Portillo extradited and released on bail
- EL SALVADOR: Funes tripped up by colon debate
- TRACKING TRENDS
- Chávez constructs alternative financial system
- Quotes of the Week