Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

A Call For Tough Love In Mexico (Int'l. Edition)


Business Week International Readers Report

A CALL FOR TOUGH LOVE IN MEXICO (int'l. edition)

My response to "Anatomy of a rescue mission" (International Business, Jan. 30) is this: Do not lend any more money to this damned country.

The only people who benefit are the politicians like Salinas, who privatized several very important state companies and became one of the richest men in the world. He lied to all of us citizens of Mexico, saying that everything was O.K. Yes, everything was O.K. for him. But he led the country to become nearly bankrupt and transformed more than half of the population into street vendors.

Paolo Sacchi

Cuernavaca, Mexico

The devaluation did not surprise anyone who took about 10 minutes a month to monitor the central bank's reports on inflation, current account, and capital balances. In fact, many of us thought Mexico stood poised to become the next economic miracle as soon as the exchange rates were adjusted and the country stopped luring speculative investments with absurd interest rates.

Now, those hurdles are behind us (albeit less than gracefully). The largely young, proud, and hard-working population is still here. They are waiting for capital to create dignified jobs and are eager to earn the status of First World consumers.

Fred Voglewede

Mexico City


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus