In blow to Mexican president, finance minister quits over economic 'extremism'


  • World
  • Wednesday, 10 Jul 2019

FILE PHOTO: Mexico's Finance Minister Carlos Urzua listens as President Andres Manuel Lopez Obrador (not pictured) speaks to the media during a news conference to announce a plan to strengthen finances of state oil firm Pemex, at the National Palace in Mexico City, Mexico February 15, 2019. REUTERS/Henry Romero /File Photo

MEXICO CITY (Reuters) - Mexico's moderate Finance Minister Carlos Urzua resigned on Tuesday with a letter that shocked markets by citing "extremism" in economic policy, before President Andres Manuel Lopez Obrador quickly named a well-regarded deputy minister to replace him.

In the unusually strongly worded resignation note made public on his Twitter account, Urzua said the government was forming economic policy without sufficient foundation.

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