Laying off workers and closing plants as exports and production plunge — Jaguar Land Rover is the biggie.
But (well-connected?) investors started smelling a rat 10 months before the first disclosure.
The banks claim they’re complying with anti-money laundering regulations.
French banks are heavily exposed to Italy.
No one can afford even the smallest hiccup in derivatives.
“If you are looking to buy a house in Q1 you will have the market to yourself.”
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.