Bolivia: Government Revokes Decree Ending Fuel Subsidies

Greg Weeks ^[1] updates his readers on the “Gasolinazo ^[2]“: “Evo Morales revoked the decree removing subsidies (and thereby drastically raising prices on fuel) after facing large scale protests. The essential problem therefore remains–the government has popular subsidies that unfortunately also encourage smuggling and bleed money, both of which he mentioned in his remarks.”