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Free AccessCastillo Speech Highlights Political Parties Seeking His Removal
- Peru: In an unscheduled televised speech in Lima late on Monday, President Pedro Castillo said some political parties and economic groups are trying to remove him from power to prevent the “structural change” he is promoting in the South American country.
- The tension with congress comes at a difficult time for Castillo. Two parties -- Fuerza Popular and Renovacion Popular, who between them would have enough votes to at least ask congress to debate impeachment on grounds of “permanent incapacity” -- have said they support the idea.
- Over the weekend, local media reported that Castillo held several meetings with politicians and businesspeople outside government offices, which is forbidden in Peru. Castillo denied any wrongdoing in his speech Monday, saying all the meetings he held at a private home were “personal.” (BBG)
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.