The pain in Spain
17 October 2012
While there’s a delicious irony in president-in-waiting (“president-elect” would require making some assumptions that aren’t universally accepted in Mexico) Enrique Peña Nieto is offering to “rescue” Spain from its recent economic turmoil, while at the same time, he’s looking to open PEMEX to Spanish investors… after PEMEX just lost a bundle on Spanish oil company investments.
Um, if Mexico’s got money to spare, here’s a thought. Rather than send it to Spain (been there, did that… for about 300 years), why not spend it at home? All those financial types keep saying PEMEX could use a cash infusion.
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