Friday, May 12, 2006

Fox Disses Hugo and Evo

From MarketWatch:

Vicente Fox, the president of Mexico, on Thursday delivered a salvo against the leftwing policies of Venezuela and Bolivia, warning that protectionism and nationalisation could damage the prospects of Latin America as a whole.

In an interview with the Financial Times, he made a thinly veiled attack on Hugo Chávez, Venezuela's president, and Evo Morales, his Bolivian counterpart, who recently moved to nationalise the gas industry.

"I respect the opinions of other presidents and do not want to interfere in their decisions," Mr Fox said, when asked about the rise of economic nationalism in the region. "But, yes, I can say if something has not worked well in Latin America, it's precisely populism, demagoguery, deception, which only hurt the process of development and impoverish people even more."


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