Cordero draws mixed reviews

The naming of Ernesto Cordero, 41, as Minister of Finance drew mixed reviews. Business Coordinating Council president Armando Paredes endorsed the choice and said the private sector looked forward to working together with him on the needed economic reforms. Echoing many others, former Foreign Minister Jorge Castañeda wrote that, “For the first time since [Luis Echeverría named José López Portillo as Minister of Finance in 1973] the leadership of Hacienda is in the hands of someone nominated for exclusively political motives and without the best evident technical qualifications.”   (Reforma 12/10, 12/10)

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