https://www.nbcphiladelphia.com/news/health/mexico-more-social-spending-no-business-bailout-for-virus/2353501/

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Mexican President Andrés Manuel López Obrador said Sunday there will be no huge economic stimulus program as the country faces the threat of coronavirus-induced crisis almost certainly unlike any it has seen in the past century. Instead, the administration will expand social programs, continue to prop up the heavily indebted state-owned oil company, deepen the government’s austerity campaign and do everything possible to avoid taking on more debt. “There is a lesson that we have learned well and that we don’t forget,” López Obrador said to an empty and echoing National Palace patio. “An economic model that only benefits minorities does not yield general well-being, but on the contrary engenders public misery and violence.” Full story

6 April

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