GM’s Mexico vehicles now are 23% of its US sales. And the Japanese have massively discovered Mexico’s cheap labor.
What could this mean for one of its big creditors, the ECB?
These workers are a lifeline for Mexico.
The banking lobby and the ECB will have a cow.
Desperate measures for desperate times?
But online sales are hot, now at 20% of total retail.
Will Madrid be next?
“Peak Tourism” has already set in. Brits account for 22% of tourists in Spain. Now add Brexit.
Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty.
They’re already under pressure from the deteriorating market.