Weekly Report - 2 April 2009 (WR-09-13)

Finance drives new wedge into Uruguay's ruling FA

Postscript 02 April 2009 Modified: 02 April 2009 1545 views

José Mujica, the frontrunner in the ruling Frente Amplio (FA) ahead of June's primary elections, this week advocated lifting banking secrecy, reviving state banks and minimising private banking. His main rival for the FA presidential ticket, the centre-left former finance minister, Danilo Astori, pounced on his comments, saying they undermined confidence in Uruguay's “very solid financial system".

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