It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.
In a private letter to then-President Bill Clinton, Rahm Emanuel complained that Mexico looked to be getting “the better end of the deal” on NAFTA and a $12 billion loan agreement, according to newly released documents from the Clinton Presidential Library.
A universal, single-tariff trading system should be pursued to eventually replace regional and bilateral trade accords, including the North America Free Trade Agreement, said Ernesto Zedillo, the former president of Mexico.
President Bill Clinton was coached to combat the narrative that his “health-care debacle” was the result of influence from his “ultraliberal wife” and “wonky” elites, according to the fifth batch of Clinton administration documents released by his presidential library.
European nations, struggling to end their debt crisis, should look at Latin America’s triumph over decades of financial crashes as a blueprint for resolving their woes, said officials at a summit of the world’s biggest economies in Mexico.