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Bolivian President Ends Fuel Subsidies, Raises Minimum Wage

Summary
Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of 'economic, financial, energetic, and social emergency,' which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation.

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Brazilian President Lula declared on Wednesday that if the free trade agreement between the European Union and Mercosur is not signed "now," it will not be signed during his presidency. The Brazilian president has one more year left in office.

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pme.ch broke the news in on Wednesday, December 17, 2025.
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