Peru's Castillo names Marxist party member as PM, likely scaring investors

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Peruvian President Pedro Castillo on Thursday named Guido Bellido, a member of his Marxist party, as prime minister, a move likely to further spook investors wary of a new leftist government that will also face resistance in Congress.

Bellido, an elected congressman, is a member of the self-described Marxist-Leninist Free Peru party, with which Castillo won the presidency this year.

Still, Bellido and the rest of the cabinet will need to be confirmed by the opposition-led Congress, where Bellido's leftist position is set to face stiff resistance. A majority of Congress votes are held by center and rightwing parties. Bellido, 42, a native of the nearby Andean region of Cuzco, spoke in the indigenous quechua language as part of his swearing in. He's little known in Lima-centric political circles and has a masters in economics, most recently working for Peru's government statistics agency INEI.

Peru's stock exchange and sol currency have plummeted since Castillo became a likely winner of the election, although the key finance ministry post remains vacant.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gracias a todos los idiotas que votaron por Castillo. Nuestro Ministro de minas es un rojo y va acabar con la minería desde adentro.

So your saying Investors are Scared because they won't be able to continue Ripping Off the Peruvian People? No More Cheap Slave Labor and Natural Resources, Whaaaaa 😥

Time will show 7 x (*F) *F : Freedom : Mutual Respect (*F) Freedom of Speech (*F) of Violence (*F) of Worship (*F) from Want (*F) from Fear (*F) from War Vincit Omnia Veritas Truth conquers all things

It’s understandable the people hate their colonial history and for the same reason they hate to learn the western nations good experience. Let them try.

The only thing is scaring investors is democracy and the poor moving forward hand-in-hand There's nothing capitalism hates more than freedom and democracy

Investors, those fragiles

So they will be starving in 6 months

PCaterianoB marxism strikes again

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peru's Castillo names member of far left party as prime ministerPeruvian President Pedro Castillo on Thursday named Guido Bellido, a member of his Marxist party, as prime minister, in an indication of the pressure likely to be brought to bear on the new head of state by the far-left party that backed him. based Oh dear, another Woke supporter and easy on crime. Heaven help us
Source: Reuters - 🏆 2. / 97 Read more »

Peru's Castillo shuns palatial 'House of Pizarro' in break from colonial pastPeru's new President Pedro Castillo, a champion of the rural poor, will not live in the government palace in Lima known as the 'House of Pizarro' - a symbolic break from some 500 years of tradition and the Andean country's colonial past. It’s totally understandable. But why not change the name?
Source: Reuters - 🏆 2. / 97 Read more »

Peru's new president vows to end corruption and change constitutionPedro Castillo, a rural schoolteacher, has promised to upend a quarter-century of neo-liberal government. Castillo said he would send a bill to parliament with a view to organising a referendum on replacing the constitution.
Source: trtworld - 🏆 101. / 63 Read more »

Rent controls are becoming a highly divisive issue in EuropeRent controls are becoming increasingly popular in many European nations, but experts note they can even scare investors away. Samsung leaks: Z Fold3’s S Pen case, Z Flip3 renders, and water resistance leaks Samsung's Galaxy A52 is getting the August 2021 Android security patch already horrible And they have been saying there has been no inflation but only deflationary pressures. How do they calculate inflation when housing makes a big chunk of a household expenditure?
Source: CNBC - 🏆 12. / 72 Read more »

Leftist political novice sworn in as Peru's presidentLIMA, Peru (AP) — Pedro Castillo, a leftist political novice who has promised to be a champion of his country’s poor, on Wednesday became Peru’s new president. The rural teacher who has never held political office before was sworn in less than two weeks after he was declared the winner of the June 6 runoff election. May Pedro Castillo pursue an agenda that heals the longstanding economic and political wounds that the Peruvian people have suffered the consequences of for generations. If you are interested in having a second source of income or a mainstream of income?.... Click the name below to message him directly or Send him a friend request. he will guide you on how to earn in just 72 hours NO SCAM❌ 👇👇👇👇👇👇👇 JorginaBarreto
Source: AP - 🏆 728. / 51 Read more »

Nursing home staff who are closest to patients are least likely to be vaccinated, study findsStaff at long-term care facilities who are the most likely to interact with vulnerable patients are the least likely to have been vaccinated, researchers have reported. And there's evidence they've been infecting their patients, the CDC-led team found. Those patients are vaccinated though right? I am a pharmacist who was part of a team who went into nursing homes and vaccinated both residents and staff for 3.5 months. Almost all the residents were fully vaccinated. However a large majority of the staff turned down the vaccine. Of course the ill patients are catching it from staff! We the family members aren't allowed in to see them. We haven't been able to visit my mother in her room since March of 2020 in New Jersey. She still caught Covid later last year. Where else would she have got it from?
Source: CNN - 🏆 4. / 95 Read more »