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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 12, 1986
Page
6
U S and Mexican officials hold high level talks to avert Mexico's near 100 billion dollar foreign debt default. Analysts say aid could total 5 to 6 billion annually for three years, with IMF negotiations centered on budget deficits and spending cuts as a path to a multi year agreement through 1987.
Federal Reserve Chairman Paul Volcker, returning from talks with Mexican leaders, said Mexico would strike new creditor accords to ease its 98 billion dollar foreign debt. He warned that severe internal adjustments are needed alongside a program of new loans, potentially totaling 5 to 6 billion dollars, though no formal package has been finalized or signed by President Reagan.
The U S foreign trade deficit fell to 36.6 billion dollars from 37.4 billion in the prior quarter as a big drop in petroleum imports offset higher prices for other imports. Officials caution the annual rate remains steep at about 146.3 billion.
Beltone announces a free non-operating model of its smallest hearing aid to illustrate how tiny hearing help can be. The ear canal fitting device weighs under one eighth of an ounce and carries no cost or obligation. To obtain a sample, write to Department 68523 Beltone Electronics Corp, 4201 West Victoria Street, Chicago IL 60646.
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