Carstens Warns on US Debt Threat to LatAm

Carstens Warns on US Debt Threat to LatAm

Mexico Economy & Policy Corporate & Sovereign Strategy

Latin America’s slowing economies could face “very severe” repercussions if US lawmakers fail to raise the government’s debt ceiling this week, Mexico’s central bank governor Agustin Carstens tells LatinFinance. “If there is a major breakdown [in US debt ceiling talks] and this is a prolonged issue, the consequences could be very serious,” Carstens says. His comments come as congressional leaders in Washington failed this weekend to break an impasse to avoid a possible sovereign default when the

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