Acapulco Mexico: BANKRUPT

Posted on November 14, 2012 • Filed under: Business, Economy, Mexico, TRAVEL

The Mexican city of Acapulco tourist is in bankruptcy, with a debt at the end of this year will amount to $ 162.1 million, exceeding its annual budget. “We need to invest in Acapulco federation to succeed, otherwise we will not get out,” told a news conference the mayor of the municipality, Luis Walton, adding that the state government does not “have the capacity” to rescue the economic city. Read Article

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