LatamPolitik: Campeche Fire, Chilean Constitution and more Troubles for Bolsonaro

Eye of the Fire

What’s old: In the late 1970s, Mexico discovered massive oil reserves in the southern part of the country. An oil boom ensued and exports increased tenfold as state-owned oil company Petróleos Mexicanos (Pemex) tripled oil production in the span of a few years. The Mexican government increased government spending and took on tons of debt …

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