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View Full Version : Europe Should Learn From Mexican 'Tequila Crisis,' G-20 Host Tellez Says - Bloomberg



NewsWhore
02-25-2012, 04:40 PM
Europe Should Learn From Mexican 'Tequila Crisis,' G-20 Host Tellez Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH2Fg-QK38J0s_7xmzpezflmVr9FA&url=http://www.bloomberg.com/news/2012-02-25/europe-should-learn-from-mexican-tequila-crisis-g-20-host-tellez-says.html)
Bloomberg
Brazil, after it devalued its currency in 1999, enacted an even tougher fiscal responsibility law that put a ceiling on borrowing at all levels of government and threatened public officials with jail sentences if they don't meet strict spending limits.

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