Mexico gets lift from Spain’s austerity measures

MEXICO CITY, May 12 (BestGrowthStock) – Mexico’s peso surged 0.74
percent on Wednesday after Spain announced a plan to slash
civil service pay and 13,000 public sector jobs in a drive to
meet European Union budget deficit targets.

The peso traded at 12.4380 to the dollar as Spain’s steps
helped soothe jitters over euro-zone sovereign debt woes.

Stock Market Advice
(Reporting by Liz Salazar; Editing by Padraic Cassidy)

Mexico gets lift from Spain’s austerity measures