PoliticsNotableEmergingDeveloping
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UK PM signals tough budget choices as fuel prices stoke inflation
SMELO·GB·about 6 hours 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.