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A Mexican Tragedy

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journal contribution
posted on 2010-07-01, 00:00 authored by Allan MeltzerAllan Meltzer

On Monday Mexico repaid to the U.S. $1.3 billion in loans made last year during the peso crisis. From all the hype, one might assume that the crisis has passed and that the Mexican people are enjoying prosperity. If the Treasury and the IMF believe this story, why not cancel the $20 billion in additional lending promised to Mexico last year.


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