PoliticsNotableEmergingDeveloping
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UK PM signals tough budget choices as fuel prices stoke inflation
SMELO·GB·1 day ago
Chile's Finance Minister Jorge Quiroz publicly criticized predecessor Mario Marcel's fiscal record after Marcel questioned the government's decision not to activate the fuel price stabilization mechanism (MEPCO) amid a 'bencinazo' (fuel price spike). Quiroz, speaking from Madrid, challenged Marcel's calculations, signaling a political rift over fiscal policy. The dispute highlights internal tensions over economic management and could affect market confidence in Chile's fiscal direction.