Tuesday, December 1, 2020

Tag: President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy”

President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy”

by Wolf Richter, Wolf Street:

And why are Bank of Mexico executives and employees resigning in droves?

Around 200 central bank employees, including 20 senior executives, have left their posts at the Bank of Mexico (Banxico) since presidential elections on July 1 handed a resounding victory to populist Andrés Manual Lopez Obrador (or AMLO). Unsurprisingly, their sudden departure has a lot to do with money.