End of preview - This article contains approximately 630 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 13 August 2009 (WR-09-32)
MEXICO: Carstens pushes for higher taxes
The finance minister, Agustín Carstens, said this week that the
federal government would have to increase taxes in 2010. Carstens is signalling
that he is going to take action even though it is far from clear that the
economy has stopped contracting. The risk is that if the government cuts back on
public spending and raises taxes it may cause an even deeper recession. Hasty
moves to bring the public finances back into balance are blamed by academic
economists for causing the US Great Depression in the 1930s.
- Unasur fails to reach consensus over Colombian-US military bases
- ECUADOR: Correa sworn in for second term
- VENEZUELA: Chávez seeks to cement core support base
- BOLIVIA: Opposition candidates launch campaigns
- PERU: Velásquez Quesquén wins vote of confidence
- TRACKING TRENDS
- BRAZIL: Rousseff accused of interfering to favour Sarney
- CHILE: Frei takes aim at Enríquez-Ominami
- TRACKING TRENDS
- MEXICO: Nava wins PAN election, PRD tries to hold together
- MEXICO: Carstens pushes for higher taxes
- TRACKING TRENDS
- HONDURAS: Internal pressure grows on de facto government
- NICARAGUA: Another attack on civil society
- GUATEMALA: Police chief fired over drug disappearance
- TRACKING TRENDS
- Fernández wrestles with poverty in Argentina
- Quotes of the Week