Tag Archives: debt

Pemex and the CFE in Eye of a Political Hurricane

By RICARDO CASTILLO     Mexico’s state-owned energy companies Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) continue to be leading problems for the administration of President Andrés Manuel López Obrador (AMLO). Both are separate entities that must be dealt with separately. So we’ll start with a look at Pemex, and then consider th CFE a few paragraphs down. Pemex and

Read more

Remembering Mexico’s Great Liberator

By THÉRÈSE MARGOLIS     Just in case you are wondering why Monday, March 18, is an official holiday here in Mexico, it is in observation of the 1806 birthday of five-time president Benito Juárez, a national hero, who helped chase the French out of the country, overthrew the Hapsburg-imposed empire of Maximillian I, and restored the republic under a liberal regime

Read more

AMLO’s Budget in a Nutshell

By THÉRÈSE MARGOLIS     On Saturday, Dec. 15, newly instated Mexican President Andrés Manuel López Obrador (AMLO) presented his 2019 budget to the Mexican Congress via his Finance Secretary Carlos Urzúa. The budget plan, which allocates more funding for social programs and infrastructure and less for government payrolls (including his own salary), is expected to be approved easily by the pro-AMLO

Read more

PAN Governors Stage an Early Rebellion

By RICARDO CASTILLO     The rumblings of the upcoming Constitutional Wars are growing thunderous in Mexico’s cloudy political  skies. Over the past two weeks, the group of 12 National Action Party (PAN) governors across the nation are threatening a rebellion against the “dictatorship” of President-elect Andrés Manuel López Obrador (AMLO) and his majority in both houses of Congress through the National

Read more
Recent Entries »