Clinton Announces U.S. Bailout of Mexico
At a glance:
- Series: Great Events: 1900-2001
- Categories: Diplomacy, International Relations, Foreign Affairs, Economics
- Subcategories: Depressions, Recessions
- Curriculum: American History 1951-present, Latin American History
- Geographical Location: Washington, D.C.
- Date: January 31, 1995
Article abstract: In the face of strong opposition from Congress, President Bill Clinton announced an international $50 billion emergency plan to help bail out Mexico.
Keeping Mexico Solvent
In one of the most decisive acts of his presidency, President Bill Clinton defied the wishes of many members of Congress and hastily put together an emergency $50 billion aid package to stabilize the declining Mexico peso. Although the president and spokespersons for the administration refused to characterize the aid package as a “bailout,” few analysts doubted...
[The entire page is 1064 words long]
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