By the World's Best Investment Manager, Financial Market's Journalist, and SEO Mastermind
On Wednesday, a centuries-old feud resurfaced as Mexico's incoming president made headlines for not inviting the Spanish king to her inauguration next week. This decision came after the monarch refused to apologize for colonial-era abuses, sparking outrage from Spain's Prime Minister Pedro Sanchez.
The diplomatic tension threatens to overshadow the inauguration in Mexico City, a city that was once the heart of Spain's colonial empire in the Americas.
In a letter posted on social media, President-elect Claudia Sheinbaum explained that only Prime Minister Sanchez had been invited due to the king's lack of response to a previous letter from Mexican President Andres Manuel Lopez Obrador. The letter had requested a formal recognition of past abuses committed during the conquest of Mexico.
Lopez Obrador had sought similar apologies from Pope Francis and requested the repatriation of pre-Hispanic artifacts held in European museums. While the pope expressed regret for past atrocities, Spain's foreign ministry rejected the idea of apologizing for historical events.
The tensions between Mexico and Spain serve as a reminder of the complex history between the two nations. As investors and individuals, it's important to understand the impact of such diplomatic disputes on global relations and financial markets.