WHY DID SILVA HERZOG GO?
The sudden resignation of Jesus Silva Herzog, the Mexican Minister of Finance, on June 17, and his replacement by Gustavo Petricioli, came just a week after it was rumoured that a rescue package of $6 billion would provide a breathing space for the beleagured Mexican economy.
Officially it was announced that the President had decided to strengthen his economic team with the appointment of Petricioli but this was followed by a statement by Silva Herzog.
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