Let's clear up this sovereign risk nonsense by quoting non other than Felipe Calderon, Mexico's president, who began a six year term in December:
"Latin American economies need to remain open in order to maintain strong ties with Europe and to prosper, the leaders of Britain and Mexico agreed on Monday.
They were responding to questions about the impact of Venezuelan President Hugo Chavez's plans to nationalise key industries on Latin American unity and the continent's relations with Europe....
Conservative Calderon, who began a six-year term in December, has said multinational companies that are being spurned elsewhere in Latin America are welcome in Mexico..."
Full article at:
http://today.reuters.co.uk/news/articlebusiness.aspx?type=businessNews&storyID=2007-01-29T180729Z_01_L29246450_RTRUKOC_0_UK-BRITAIN-MEXICO-ECONOMIES.xml
President Promotes Mexico at World Economic Forum
Presidency of the Republic
Mexican President Felipe Calderon attended a breakfast meeting today organized by the ABN AMRO financial group in which the leaders of global firms participated.
During the meeting, President Calderon invited the businessmen to invest in Mexico.
The Prime Minister outlined the advantages Mexico offers in promoting investment as well as the policies it seeks to implement to guarantee investors security and stability.
Full article at:
http://www.mexidata.info/id1237.html
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