Word: petricioli
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...began to gyrate wildly. By Friday its value had settled to about 2,700 pesos to a dollar, down 37% for the week. Supplies of dollars quickly ran out as Mexican citizens lined up at banks to change their pesos. At week's end Mexico's Finance Minister, Gustavo Petricioli, appealed to the public on national television to remain calm...
...tumbled to nearly $10 per bbl., Mexico has been in ever greater danger of defaulting on its $98 billion foreign debt, a calamity that would shake the world financial system to its core. But Mexico took a step back from the abyss last week when its Finance Minister, Gustavo Petricioli, flew to Washington to sign an agreement with the International Monetary Fund that could generate $12 billion in new loans to spur Mexico's economy and make up for lost oil-export revenues. The deal was noteworthy because it suggested that the IMF could be moving away from its traditional...
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