URUGUAY: PRESIDENT JORGE BATLLE ANNOUNCES THAT ECONOMY MINISTER ALBERTO BENSION RESIGNS DUE TO LACK OF POLITICAL SUPPORT

Record ID: 351799

  • Title: URUGUAY: PRESIDENT JORGE BATLLE ANNOUNCES THAT ECONOMY MINISTER ALBERTO BENSION RESIGNS DUE TO LACK OF POLITICAL SUPPORT
  • Date: 22nd July 2002
  • Summary: (U1) MONTEVIDEO, URUGUAY (JULY 22, 2002) (REUTERS - ACCESS ALL) ( NIGHTSHOTS) 1. VARIOUS GVsOF EXTERIORS OF PRESIDENTIAL BUILDING (2 SHOTS) 0.07 2. MV-PAN: URUGUAYAN PRESIDENT JORGE BATLLE ARRIVING; PRESS 0.14 3. (SOUNDBITE) (Spanish) BATLLE SAYING: "This is a government of coalition and we have to accept this, even though we don
  • Embargoed: 6th August 2002 13:00
  • Keywords:
  • Location: MONTEVIDEO, URUGUAY
  • Country: Uruguay
  • Reuters ID: LVABEOMAXAXY60WT913XV0KSKRPS
  • Story Text: Uruguay's President Jorge Batlle (BAH-SHAY) has
    announced that Uruguay's Economy Minister, Alberto Bension
    (Ben-SEEON), has resigned due to lack of political support.



    Uruguayan Economy Minister Alberto Bension has
    resigned after losing the support of part of the ruling
    coalition, Uruguay's President Jorge Batlle said late on
    Monday (July 22).

    Bension's resignation is the latest symptom of growing
    troubles in the small, recession-hit South American nation.

    His replacement will be announced on Tuesday (July 23), Batlle
    told reporters.

    "This is a government of coalition and we have to accept
    this, even though we don't like it. Even though it is
    deplorable that Minister Bension cannot continue in his
    position, we have to accept it," Batlle said.

    Bension's resignation comes as the country faces one of its
    worst-ever economic crises. The agriculture, tourism and
    banking-dependent economy has been rocked in recent months by
    spillover from the economic chaos in neighboring Argentina,
    where a recession has pushed banks to the brink of collapse.

    "He who leaves as well as he who comes, like all in the
    government, are all convinced that we have only one objective
    before us - preserve and consolidate the financial system,
    defend Uruguay's bank, and assure the country in weathering
    this storm that has come from the outside and we are going to
    confront," said Batlle.

    The National Party, an ally of the ruling Colorado Party,
    asked on Monday that Bension be replaced in order to boost
    confidence in the economy, which has been weakened by the
    recession and by a steep decline in bank deposits.


  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register