The Brandt Commission Report

Part of the debate – in the House of Commons at 5:12 pm on 18 April 1983.

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Photo of Mr Frank Hooley Mr Frank Hooley , Sheffield, Heeley 5:12, 18 April 1983

Is it not important to distinguish between two types of crisis, of which Mexico is one example? Basically Mexico is not insolvent, because of its gigantic natural resources of oil and silver. It has a liquidity crisis, not an insolvency crisis. The problem is one of time scale. It is not a basic weakness.