Monday, March 07, 2005

Another President Resigns

The Bolivian president Carlos Mesa resigned today, after a strong opposition in some big cities and announced road cuts and demos for today. Twelve months after the fall of Sanchez de Lozada, angry oppositors forced the fall of the Bolivian president for similar reasons: the rejection to the control of privatised corporations by foreign enterprises(the French Suez in water supply).

One of the best students of IMF receipts during the nineties is now at the edge of civil unrest. The macroeconomic picture continues being quite appropiate (low inflation, continued growth, an effort in debt reduction, fiscal responsability, etc), but the numbers are defied by the potential advent of a crude social war.


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