Why the world needs Amazon to pay for Mexico to pay off its debts
Posted On August 7, 2021
Mexico’s foreign debt is about $100bn.
It’s about the size of Germany’s.
Mexico owes about $30bn to China.
But it’s not about the Chinese.
It was Mexico’s debt that forced the United States and other major powers to declare war on the United Sates.
So how does the Mexican government deal with a $100 billion debt?
It’s a tricky one.
“We are in a difficult situation,” the country’s finance minister said on Sunday.
“There is a lot of interest from outside, because we are the world’s largest consumer of Mexican goods.”
Mexico’s debt is due to be repaid, in part, by the US, which is due $60bn in interest payments.
Mexico owes the US about $10bn a year.
It is paying $20bn in back taxes.
The rest of the money is going to be owed to the US Treasury, which pays Mexico a 10% rate.
The US has not paid any interest on its debts, although it has promised to pay interest on any excess payments.
Mexico has not been willing to pay.
The government is also concerned that the US will eventually be forced to take on the entire debt and pay it back.
“If the US wants to pay its debt, they have to pay it in full,” Mr. Chávez said.
Mexican President Enrique Peña Nieto and his predecessor, Felipe Calderón, agreed on the need to resolve the Mexican debt when they met in 2013.
Mr. Peña, who had already signed an accord with the US to avoid war, called for the US and other powers to do the same.
That deal came to an end in September 2019.
After Mr. Peñas failed to get the US Congress to fund a $1.2bn payment to Mexico, he declared that Mexico was “a victim of the economic war”.
He had been negotiating with the Trump administration on a US $1bn payment.
But on Tuesday, Mr Peña said Mexico’s US debt would be paid, and he said he would hold talks with President Trump.
At the end of the year, he was to announce that Mexico would pay back the remaining $200bn.
It is the second time in three years that the Trump Administration has refused to pay Mexico.
In April 2018, the US was set to pay $600m in back payments to Mexico.
In October, Mr Trump signed a $500m payment agreement with Mexico, but Mexico refused to comply with it, forcing him to impose an economic blockade on the country.
He has repeatedly threatened to do so.
President Peña had been hoping for a deal that would allow Mexico to return to the WTO, where it had been in a standoff with the United Kingdom for more than a decade.
For Mexico’s creditors, this is not a win.
They argue that Mexico is paying back money that it has already received, but it has not yet repaid any money that the Mexican economy has already paid back.
On Wednesday, the World Bank warned that Mexico will default on its debt in 2019.
The World Bank says that Mexico has been making the wrong choice by continuing to repay the debt.
This is the first time that the World Trade Organization has dealt with the Mexican Debt.
While Mexico has agreed to pay back all of its debts under the terms of the US agreement, the WTO says that it cannot legally apply the US payment.