Mexico is Better Prepared for European Debt Crisis than Peers

From Bloomberg.com:

Deputy Finance Minister Gerardo Rodriguez has reported that Mexico is actively protecting its economy from the European debt crisis by improving measures to help keep money in the country.

"We are a lot better prepared, especially relative to other countries, for a situation that could deteriorate externally,” said Rodriguez.

While countries from China to Brazil have raised their borrowing costs to combat inflation, Mexico is the only major Latin American country that hasn’t raised rates this year. Mexican annual inflation was at 3.3 percent in mid-May, near a five-year low of 3.04 percent reached in March.

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