Europe woes have limited impact on Latam banks-Citi

SANTIAGO, May 18 (BestGrowthStock) – Europe’s debt woes have
limited impact on banking in Latin America, Citigroup Inc’s
(C.N: ) CEO for Latin America, Manuel Medina-Mora, said on
Tuesday.

He said lower growth in Europe due to recent turbulence
could impact Latin America, but the region is generally well
prepared for such problems.

Medina-Mora, who is on a trip to Chile, said there is a
possibility for a double-dip U.S. recession but he doesn’t see
that as a high probability.
(Reporting by Simon Gardner; editing by John Wallace)

Europe woes have limited impact on Latam banks-Citi