Spanish Banks Write Off 50% of Mexican...
- Share via
From Times Staff and Wire Service Reports
Spanish Banks Write Off 50% of Mexican Debt: Spanish banks are writing off 50% of their $156 million in loans to Mexico. The writeoff is significantly larger than the 35% planned under the debt-reduction scheme drawn up by U.S. Treasury Secretary Nicholas F. Brady. Mexican Finance Minister Pedro Aspe said he was grateful for Spain’s gesture.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
