Hosting the G20, Mexico is 'Greece no more'

Published: Monday, June 18 2012 12:00 a.m. MDT

Sara Miller Llana is a staff writer for The Christian Science Monitor and has been the Latin America Bureau Chief, based in Mexico City, since 2006.

"As it has for the third year in a row, the eurozone crisis will be at the center of G20 talks. But at least Mexico, along with a host of developing countries in Latin America, is on the right side of macroeconomic stability, after finding itself at the center of economic crises in the '80s and '90s."

"[Mexico's] economy's growth is picking up, outpacing the much more celebrated Brazil last year and probably this year as well. More to the point, in contrast to the eurozone crisis that as host of the G20 it is trying to help solve, it's been stable for nearly 20 years. Inflation is in check, its economy wide open."

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