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Wednesday, April 17, 2019


"At this point, I think Bolsonaro is a little bit crazy, but I wouldn’t discard Brazil yet."
Luis Maizel, cofounder and senior managing director of LM Capital Group, a $4 billion wealth management firm in San Diego, California, referring to Brazilian President Jair Bolsonaro, as quoted by Forbes, April 16, 2019.

“Guedes said that he doesn’t really need this job. That’s really got the market spooked.”
Teresa Barger, CEO of Cartica Management, a long-only equity investor, as quoted by Forbes, April 16, 2019.

“In countries like Brazil, what the politicians promise and what they can deliver on takes longer than one would hope."
Andrew Miller, CIO of Mondrian Investment Partners, as quoted by Forbes, April 16, 2019.

“Brazil needs a functioning government ... and the president is playing around with the presidency of Brazil.”
Rodrigo Maia, speaker of Brazil's  lower house, as quoted by Reuters, March 27, 2019.

"But it is the president himself who is running this show, and he has no reassuring words at all."
David Shields, independent energy consultant based in Mexico City, in the Inter-American Dialogue’s weekly Energy Advisor, March 22, 2019, on the difference in statements by President Andres Manuel Lopez Obrador and his economic advisors.

"Energy companies are no strangers to political risk, yet Mexico had made strides to mitigate it. Alas, no longer."
Dwight Dyer, independent consultant on political, regulatory and security risk for Mexico’s energy sector, in the Inter-American Dialogue’s weekly Energy Advisor, March 22, 2019.

"There is a significant risk the credit goes below investment grade."
Shamaila Khan, a money manager at AllianceBernstein in New York on Fitch downgrading Pemex, as quoted by Bloomberg, January 29, 2019.

"They are less likely to put money into a country where you have a finance secretary saying that what the president just said makes no sense."
Fabio Knijnik, head of Sao Paulo-based wealth fund K2 Capital, on the contradiction in the new Bolsonaro government, as quoted by Reuters, January 9, 2019.

"This is not the dream team seen in other Mexican cabinets. Instead it's more like a nightmare team."
El Financiero columnist Raymundo Riva Palacio, November 29, 2018, on the cabinet of new Mexican President Andres Manuel Lopez Obrador. 

"Everybody is closing the money spigot."
A consultant tells The Wall Street Journal, November 25, 2018, commenting on incoming president Andres Manuel Lopez Obrador's actions that have spooked local and foreign investors.

“We now have the University of Chicago running major Brazilian institutions.”
James Gulbrandsen, NcH Capital, as quoted by Bloomberg, November 19, 2018.

“The decision by @lopezobrador on the new airport will be remembered as one of the worst stupidities by a president in contemporary economic history. "
Enrique Cárdenas, a professor at the Iberoamericana University in Puebla, in a Tweet quoted by the Financial Times, October 29, 2018.

"We look like a banana republic to the world."
Former Mexican Labor Minister Javier Lozano, on the flawed referendum held by incoming president Andres Manuel Lopez Obrador aimed at killing a $13 billion new airport in Mexico City, as quoted by Televisa and Reuters, October 29, 2018.

"This is a political victory for Trump, who wanted a trophy more than a treaty, and got one."
Arturo Sarukhan, former Mexican ambassador to the United States, on the USMCA, as quoted by the Inter-American Dialogue's daily Latin America Advisor.

“Everyone had to contribute, otherwise you’d be left out.”
Eduardo Eurnekian, founder of the Corporación América conglomerate in Argentina, on the corruption tradition that has plagued his country, as quoted by the Financial Times, October 16, 2018.

"Most of what Donald Trump wants to do with NAFTA is entirely about his own politics — not really about helping any particular sector or workers."
Fordham University adjunct law professor Matt Gold, as quoted by Knowledge@Wharton, September 6, 2018.

"Money doesn’t rain from heaven — consumers are going to pay for that. This is all for the sake of saving 5,000 jobs or 10,000 jobs — that’s about it."
Wharton management professor Mauro Guillen, on the new US-Mexico trade agreement, as quoted by Knowledge@Wharton, September 6, 2018.

"Essentially the agreement combines castor oil with chocolate cake."
Gary Hufbauer, senior fellow at the Peterson Institute for International Economics, on the US-Mexico agreement to update NAFTA, as quoted by the Inter-American Dialogue's daily Latin America Advisor, August 30, 2018.

"López Obrador would likely leave office before the first shovelful of earth was turned for the new refinery."
George Baker, publisher of Mexico Energy Intelligence in Houston, as quoted by the Inter-American Dialogue's weekly Energy Advisor, August 17, 2018.

"The African proverb ‘when two elephants fight, it is the grass that suffers’ applies very clearly here."
José Guilherme Almeida dos Reis, executive director, and André Soares, consultant on China-LAC trade, both at the Office for Brazil and Suriname at the Inter-American Development Bank, on the impact of the US-China trade war on Brazil, as quoted by the Inter-American Dialogue's daily Latin America Advisor, July 31, 2018.

"We want NAFTA done. To be torturing Mexico in this way, in my opinion, is dead wrong, and it should be fixed."
JPMorgan Chase CEO Jamie Dimon to CNN Money, July 23, 2018.

“These kind of structural problems are like an anvil tied to your leg, holding you back.”
Aldo Ferrini, chief executive officer of AFP Integra, Peru’s biggest pension-fund manager, on the country's weak political and judicial systems, as quoted by Bloomberg, July 23, 2018.

"I'm not going to get on that plane."
Mexico's president-elect Andres Manuel Lopez Obrador on his plans to sell the presidential plane, as quoted by AP, July 11, 2018.

"The general outline provided by Carlos Urzua, Lopez Obrador's choice for finance minister, has been very well accepted by market participants [and has] decreased significantly the risk or perception of a radical shift in the management of the Mexican economy."
RBC Capital Markets analyst Tania Escobedo Jacob, on Mexican president-elect
Andres Manuel Lopez Obrador's message to investors through his finance minister appointee, as quoted by Bloomberg, July 6, 2018.

“If he sweeps Congress, it will be ugly.”
Richard Hall, an emerging market debt and currency analyst at asset manager T. Rowe Price, on the leftist Andres Manuel Lopez Obrador winning both Mexico's presidnecy and congress, as quoted by Reuters, June 19, 2018.

"The anxiety in the business community in Mexico and abroad is warranted." Amanda Mattingly, senior director at The Arkin Group in New York, on a likely victory by leftist Andres Manuel Lopez Obrador in next month's presidential elections in Mexico, as quoted by the Inter-American Dialogue's daily Latin America Advisor,  June 13, 2018.

“It would be crazy. It would be remembered as the last step for the economic empire to collapse. You cannot isolate yourself.”
Carlos Urzua, Mexico's likely next finance minister if Andres Manuel Lopez Obrador wins the July 1 election, on the US killing NAFTA, as quoted by Reuters, June 6, 2018.

“You have Trump promising major wins on trade negotiations, while an inside look at what’s going on shows they were building the airplane while they were flying it.”
Austin Evers, the executive director at American Oversight, as quoted by The New York Times, June 6, 2018.

“I’m just dumbfounded."
US Representative Jeb Hensarling, Republican of Texas and the chairman of the House Financial Services Committee, on the steel and aluminum tariffs imposed by Trump on Mexico, Canada and the European Union, as quoted by The New York Times, June 6, 2018.

“It was a bloodbath,”
Helena Carvalho of Ativa Investimentos, a brokerage in São Paulo, on the fallout after Petrobras CEO Pedro Parente resigned, as quoted by the Financial Times, June 5, 2018.

"America Decclares War on Its Friends."
Headline of New York Times editorial, March 31, 2018.

"Arguing that passenger cars are a national security issue doesn't pass the laugh test. We don't have a shortage; our companies are not currently in trouble; and there are plenty of alternative sources from reliable allied suppliers. Pursuing that case would make a mockery of the provision."
William Reinsch, a former Clinton administration trade official, commenting on Trump's plans to slap 25% tariffs on car imports due to national security concerns, as quoted by the Los Angeles Times, May 23, 2018.

“NAFTA is very difficult. Mexico has been very difficult to deal with. Canada has been very difficult to deal with ... but I will tell you that in the end we win."
U.S. President Donald Trump, quoted by Reuters, May 23, 2018. 

"The NAFTA countries are nowhere near close to a deal."
U.S. Trade Representative Robert Lighthizer, as quoted by Reuters, May 17, 2018.

"He can certainly have a weaker fiscal policy, he can certainly slow down energy reform."
Walter Stoeppelwerth, head of research at Balanz Capital, an investment bank in Buenos Aires, pointing out that only 17 years ago, the peso was at par with the dollar, , as quoted by the Financial Times, May 3, 2018.

“There is an inbred paranoia that the currency is going to go haywire at any point in time. Argentines are more sensitive to foreign exchange risk than any other nation on earth except perhaps Venezuela.”
Walter Stoeppelwerth, head of research at Balanz Capital, an investment bank in Buenos Aires, pointing out that only 17 years ago, the peso was at par with the dollar, , as quoted by the Financial Times, May 3, 2018.

“The central bank needs to shock the market and regain their credibility.”
Federico Kaune, head of emerging market debt at UBS Asset Management, on the peso plunge in Argentina, as quoted by the Financial Times, May 3, 2018.

"It makes the Watergate scandal look like a couple of kids playing in a sandbox."
Deltan Dallagnol, lead Car Wash prosecutor in Curitiba, as quoted by the BBC, April 22, 2018.

"The alternative airport location might be considered to be the equivalent of Donald Trump’s wall: the appeal it might have from a populist point of view is more than offset by practical realities."
Michael Fitzgerald, chairman of the Latin America practice at Paul Hastings, on threats by Mexican presidential candidate Andres Manuel Lopez Obrador to cancel current development of Mexico City's new airport, as quoted by Latinvex, April 18, 2018.

"If the President of the United States is indeed the leader of the free world, that person should be able to walk and chew gum at the same time."
US Representative Eliot L. Engel, Ranking Member of the House Committee on Foreign Affairs, in a statement on April 10, 2018, commenting on President Donald Trump's cancelled attendance at the Summit of the Americas due to the Syrian situation.

“This is a shocking abandonment of U.S. leadership in our own hemisphere.”
Richard Feinberg, a senior fellow at the Brookings Institute and the principal architect of the 1994 Summit of the Americas in Miami, as quoted by The Miami Herald, April 10, 2018.

"Ecuador Wants Less Julian Assange and More Foreign Investors."
Headline in Bloomberg commentary by Mac Margolis, April 5, 2018.

“I think Lula and Dilma are helping us a lot with the marketing of the series."
José Padilha, creator of Netflix series "The Machanism," about the Lava Jato probe, as quoted by The New York Times, April 2, 2018.

"It remains to be seen if God is Brazilian, and with Neymar’s latest injury, predict a Brazil World Cup victory at your own peril. But what does seem to be humming along is Brazil’s oil sector and Petrobras’ recovery."
Jeremy Martin, vice president for energy and sustainability at the Institute of the Americas, as quoted by the Inter-American Dialogue's weekly Latin America Energy Advisor, March 23, 2018.

"The United States is the new Argentina at the G20. It's the skunk at the garden party that disrupts consensus on core issues, trade and climate change among them."
Benjamin Gedan, former South America director on the White House's National Security Council under President Obama, as quoted by CNN, March 19, 2018.

"Corruption is like tango. You need two to dance."
Delia Ferreira, president of Transparency International, at the World Economic Forum on Latin America, as quoted by EFE, March 16, 2018.

"There's no way they can get anything under control in Venezuela unless they dollarize."
Steve Hanke, a professor at Johns Hopkins University who advised the governments of Ecuador and Montenegro when they ditched their currencies for the dollar, as quoted by CNN, March 13, 2018.

"Today, Panama has made us proud."
Orestes Fintiklis, the owner of the Panama hotel who has been fighting a legal battle to oust the Trump Organization's hotel management team, after a court ruled in his favor, as quoted by Reuters, March 5, 2018.

“I don’t think anybody on earth would want to start a refinery in Mexico."
Robert Campbell, head of oil-products research at Energy Aspects Ltd. in New York, commenting on plans by Mexican presidential frontrunner Andres Manuel Lopez Obrador to build new refineries that could cost $6 billion to $10 billion, as quoted by Bloomberg, February 27, 2018.

"There were many accidents on the road to the pension reform and the bill started to get expensive."
Marcos de Barros Lisboa, president of São Paulo’s Insper business school, on the pension reform delay, as quoted by the Financial Times, February 20, 2018.

"NAFTA has allowed U.S. corporations to remain competitive in a globalized world."
Julio Chiu, CEO of US medical device manufacturer Seisa, as quoted by the Houston Chronicle, February 13, 2018.

“We will revise all these contracts, we will not allow the oil, which is owned by the people and the nation, to go back into the hands of foreigners.”
Mexican presidential candidate Andres Manuel Lopez Obrador, quoted by Reuters, February 5, 2018.

"He might be starting the race from the back, but his car is much better than the others."
Brazilian political scientist Lucas de Aragão, a partner at Brasilia consultancy Arko Advice, on Geraldo Alckmin's chances ahead of pridential elections in October, as quoted by Reuters, January 31, 2018.

"NAFTA did not happen by accident. In large measure it was the result of the leadership and vision of three great American presidents: Ronald Reagan, George Herbert Walker Bush and Bill Clinton."
Former Canadian prime minister Brian Mulroney in comments to the US Senate, as quoted by The Canadian Press, January 30, 2018.

"We're going to put him in his place."
Mexican leftist presidential candidate Andres Manuel Lopez Obrador talking about US President Donald Trump at a campaign rally in the Gulf of Mexico port of Veracruz, as quoted by Reuters, January 22, 2018.

"NAFTA, NAFTA, NAFTA - its uncertainty hangs over Mexico like a bad hangover."
John Price, Managing Director of Americas Market Intelligence, as quoted by Latinvex, January 17, 2018.

“The state is living on debt. It’s a house of cards that could fall down.”
Alberto Acosta, an economist at the Spurrier Group, a local Ecuadorian consultancy, as quoted by the Financial Times, December 28, 2017.

“They are sitting on top of the biggest oil reserves in the world and they can’t even write a cheque for $21.5m dollars.”
Russ Dallen of boutique investment bank Caracas Capital, on the PDVSA payment delay to China's Sinopec, as quoted by the Financial Times, December 12, 2017.

"Gramercy is an institution that plays dirty and continually threatens the country by using people, paying lobbyists and manipulating media to frustrate our entry into the OECD.
Peruvian Prime Minister Mercedes Araoz, on US hedge fund Gramercy, which filed a $1.6 billion arbitration claim in 2016, which has been rejected by Peru's governmentsas quoted by El Comercio, December 5, 2017

"It's Maduro being a clown. This has no credibility." 
Venezuelan opposition lawmaker and economist Angel Alvarado on plans by President Nicolas Maduro to launch a digital currency, as quoted by Reuters, December 3, 2017

"Pemex continues to be run more like a ministry than an oil company. The CEO position is like a stopping point to collect a few new bullet points on your CV before moving on to your next ministry. It continues to be a quasi-political job."
Tim Samples, a law professor and Mexican-energy analyst at the University of Georgia in Athens, on the news that Pemex just named its third CEO in two years, as quoted by Bloomberg, November 27, 2017.

“In terms of the automotive sector, the United States´ proposal is insane. You cannot counter-propose such madness.”
A Mexican auto industry representative with knowledge of the NAFTA talks, as quoted by Reuters, November 20, 2017.

"Venezuela's debt default is the Chronicle of a Death Foretold." 
Venezuelan economist Moises Naim, as quoted by Portafolio, November 14, 2017.

“During the Argentine crisis, if you gave me the keys to the Argentine Finance Ministry, I could have solved the problem in 60 days. If you gave me the keys to Venezuela’s Finance Ministry, I’d hand them back to you.”
Robert Koenigsberger, who oversees $6 billion as chief investment officer at Greenwich, Connecticut-based Gramercy Funds Management, as quoted by Bloomberg, Nov. 6, 2017.

“There’s something disturbing about the U.S. picking a fight with two of its biggest (export) markets."
Canadian trade lawyer John Weekes, about the Trump Administrations efforts to end NAFTA, as quoted by Forbes, November 2, 2017.

"With a bit more consistency and a bit less variation in national politics, we can return to investment grade somewhat soon."
Brazil Presidential Chief of Staff Eliseu Padilha, as quoted by Reuters, October 26, 2017.

"We expect Argentina to see multiple rating upgrades in the forthcoming years, as the economy normalizes and investment recovers. This is just the beginning." Alberto Bernal, a strategist at XP Securities, on the mid-term election victory of President Mauricio Macri's pro-business government, as quoted by the Financial Times, October 23, 2017.

“Yes we want an agreement, yes we want to find a win-win situation, but this won’t be at the detriment to our national interests.”
Mexican Economy Minister Ildefonso Guajardo to reporters after the latest NAFTA talks ended, as quoted by Bloomberg, October 17, 2017.

"We are all much worse off with a bad agreement than with no (NAFTA)."
Guillermo Vogel, vice president at Tenaris and co-chair of the U.S.-Mexico CEO Conference, as quoted by Reuters, October 11, 2017.

"The damage it causes pales in comparison to the ills it cures."
Marcos Troyjo, director of BRICLab at Columbia University, writing in the Financial Times, August 17, 2017 on the impact from the Lava Jato probe into Petrobras corruption.

"In terms of benefiting the quarter, no new destination has had quite the impact of Cuba. Our voyages to Havana have been a home run."
Norwegian Cruise Lines President and CEO Frank Del Rio, quoted by Skift, August 9, 2017.

"To have countries with their own distinct corruption issues laughing at our current issues—it’s embarrassing.”
Jessica Tillipman, an expert on government ethics and an assistant dean at the George Washing­ton University Law School, explaining a recent anti-­corruption training in Washington, DC, to visiting bureaucrats from Latin America, as quoted by Mother Jones, July/August 2017.

"We're delighted to review trade balances provided that we focus on how to improve them by expanding commerce, not by reducing it."
Mexican Economy Minister Ildefonso Guajardo, on NAFTA renegotiations, according to Reuters, July 18, 2017.

“This is the year of the comeback for IPOs in Brazil.”
Joelson Oliveira Sampaio, a finance professor at Fundacao Getulio Vargas, as quoted by Bloomberg, July 10, 2017.

"Is this president trying to impersonate Hugo Chavez?"
CNN’s senior media correspondent Brian Stelter on Reliable Sources, July 2, 2017, commenting on Donald Trump's Tweet with an edited video showing him beating a wrestler with a CNN logo superimposed onto his face.

"Now it's become even more difficult to vote anything. The government will use all its energy to survive."
Luis Antonio Covatti, a lawmaker from the Progressive Party in Brazil's ruling coalition, on corruption charges against President Michel Temer, as quoted by Bloomberg, June 26, 2017.

“House of Cards on acid."
Steve Jacobs, chief executive of the asset management arm of BTG Pactual, on Brazil's political twists and turns, as quoted by the Financial Times, June 18, 2017.

"The reform agenda belongs to the country, not to a president."
José Berenguer, the CEO of JPMorgan Chase & Co's Brazilian unit, on the outlook for reforms despite uncertainty around President Michel Temer, as quoted by Reuters, May 30, 2017.

"Seasoned financial czar Henrique Meirelles may be the best man to pull Latin America's biggest economy from the gates of the abattoir."
Reuters columnist Martin Langfield, on Brazil's political crisis, May 23, 2016.

"We don’t want to start the negotiations from the perspective that this is a bad agreement."
Steve Lamar, executive vice president of the American Apparel & Footwear Association, on NAFTA renegotiations, as quoted by Bloomberg, May 16, 2016.

"It is important that the administration follow the spirit of the Hippocratic oath: First do no harm."
Orrin Hatch, Chairman of US Senate Finance Committee, on upcoming NAFTA negotoations, as quoted by Reuters, May 11, 2017.

"Ending NAFTA Would Be The Disaster."
Forbes columnist Stuart Anderson, May 6, 2017.

"You know I was really ready and psyched to terminate NAFTA."
Donald Trump to Reuters, April 27, 2017.

"Does Trump know that Mexican tariffs on U.S. goods are close to zero?"
Editorial in The Wall Street Journal, April 27, 2017.

"It seems like he’s sitting at a poker table bluffing rather than making serious decisions."
Mexican Senator Armando Ríos Piter on Donald Trump, as quoted by The New York Times, April 27, 2017.

“Clearly, in Mexico, this should be seen as a type of tantrum of a spoiled child who did not get the presents he expected for his birthday, for the 100 days.”
Rafael Fernández de Castro, an expert on United States-Mexico relations at the Autonomous Technological Institute of Mexico in Mexico City, on Trump's threat to exit NAFTA before saying he would remain, as quoted by The New York Times, April 27, 2017.

“The numbers reflect the anti-Trump sentiment clearly.”
Valentin Mendoza, an analyst at Banorte-IXE, on the 9 percent drop in Starbucks sales in Mexico in teh fiurst quarter, as quoted by Bloomberg, April 27, 2017.

"I think that Correa didn't want to gamble on a full recount because he lacked confidence in what the outcome would be."
Risa Grais-Targow, Andean analyst at the Eurasia Group, as quoted by Bloomberg, April 20, 2017.

"We're going to make some very big changes or we're going to get rid of NAFTA once and for all."
Donald Trump in a speech at tool-maker Snap-on's headquarters in Wisconsin, as quoted by the Detroit Free Press, April 19, 2017.

“He’s a used car salesman, and he’s selling you a lemon.”
Mexican mining executive Miguel Navarro, who lived 16 years in California, on Donald Trump, as quoted by the Los Angeles Times, April 14, 2017.

"The Russians have a lot to gain through the PDVSA-Rosneft-Citgo asset transfer to the detriment of US interests."
Republican Congressman Jeff Duncan and Democratic Congressman Albio Sires in a letter to US Treasury Secretary Steve Mnuchin, as quoted by CNN, April 10, 2017.

"Make no mistake, there was fraud on the April 2 elections."
Ramiro Crespo, president of Analytica Securities in Quito, as the Inter-American Dialogue's daily Latin America Advisor.

"AMLO's chances increase with every tweet from President Trump that offends Mexico or Mexican immigrants in the United States."
Cynthia Arnson, Director of the Latin American Program at the Woodrow Wilson International Center for Scholars, in Latinvex, March 29, 2017, referring to the growing chances of leftist politician Andrés Manuel López Obrador (AMLO) winning next year's Mexican presidential elections.

"If we decide to do something that's likely to offend a majority of our employees, I think it's wiser to avoid it."
Xavier Huillard, CEO of the French construction group Vinci, on why the company won't participate in the building of Donald Trump's Mexico wall, a quoted by AFP, March 21, 2017.

“Corruption conspires against growth. What do you prefer? To build a bridge that costs three times what it should or not build a bridge? Not build a bridge.”
Alberto Ramos, chief Latin America economist at Goldman Sachs, on the fallout from the Odebrecht graft scandal, quoted by Bloomberg, March 13, 2017.

“We need to view Mexico as an economic ally, not as a thief of American jobs."
Jon Barela, CEO of the Borderplex Alliance, as quoted by Bloomberg, March 2, 2017.

"We will remain if it suits Mexico."
Mexican Foreign Minister Luis Videgaray, announcing to Mexico's Senate, February 28, 2017 that Mexico's government will reject the imposition of any tariffs or quotas when renegotiating NAFTA with U.S President Donald Trump.

"The idea of trade wars has been proven to be really bad."
Tony Smurfit, CEO of Smurfit Kapp, on US threats of a border tax against Mexico, as quoted by the Independent (Ireland), Feb. 9, 2017.

"Withdrawing from NAFTA would be devastating for the workers, businesses and economies of our three countries."
Tom Donohue, president of the U.S. Chamber of Commerce, quoted by Canadian Press, Feb.7, 2017.

"The level of uncertainty and anxiety related to Mexico’s future economic performance has not been this bad in over 20 years."
Sam Pollock, CEO of of Canadian asset manager Brookfield Infrastructure Partners, as quoted by Bloomberg, Feb 1, 2017.

"A trade war triggered by President Trump would be an act of pure economic aggression, unjustified either by the United States' economic and political interests or by Mexico's behavior. It would be the economic equivalent of Russia's seizure of the Crimea, a raw exercise in bullying."
Robert J Samuelsen, Investor's Business Daily, Feb. 1, 2017.

"The wall is the most idiotic thing I’ve ever seen or heard in my life."
Trump real estate partner Jorge Perez, as quoted by Bloomberg, Jan. 31, 2017.

"Make no mistake: Nafta is working. Don't ruin a good thing."
Editorial by Bloomberg, urging Trump to avoid ruining NAFTA, Jan. 30, 2017.

"There is a very real risk that things will deteriorate very rapidly.”
Duncan Wood, head of the Mexico Institute at the Wilson Center in Washington, on US-Mexico relations, as quoted by the Financial Times, Jan. 30, 2017.

"This is a very bad day for U.S.-Mexican relations -- the worst day in memory."
Michael Shifter, president of the Inter-American Dialogue in Washington, on Trump's insistence that Mexico pays the border wall and his plans to slap a 20 percent import tax despite NAFTA, as quoted by Bloomberg, Jan. 27, 2017.

"If you tax exports from Mexico into the United States, you're going to make things ranging from avocados to appliances to flat-screen tvs, you're going to make them more expensive."
Mexican Foreign Minister Luis Videgaray, as quoted by Reuters, Jan. 27, 2017.

"The U.S. and Mexico are inter-dependent countries. If they cooperate, they are both better off. If they don’t cooperate, they are both worse off."
Antonio Ortiz-Mena, a senior adviser at Albright Stonebridge Group who worked with Mexico’s original Nafta negotiating team, as quoted by Bloomberg, Jan. 27, 2017.

"Any tariff we can levy they can levy."
US Senator Lindsey Graham on his Twitter account, on Trump's plans for a border tax, Jan. 26, 2017.

"I have always believed one should never let a good crisis go to waste.”
Arturo Sarukhán, a former Mexican ambassador to the United States, on Trump's NAFTA threats as an opportunity, quoted by The New York Times, Jan. 24, 2017.

"Attacking Free Trade Is Great Politics and Bad Economics."
Roger Lowenstein, author of Buffett: The Making of An American Capitalist, in Fortune, Jan. 23, 2017.

"Donald Trump's Mexico-bashing hurts American interests too."
Editorial in the Financial Times, criticizing Trump's attacks against Mexico as imperilling thousands of US jobs and boosting the likelihood of a leftist Mexican president, Jan. 18, 2017.

"We see a golden year ahead."
Leandro Miranda, a managing director at Sao Paulo-based investment bank Banco Bradesco BBI, on the likelihood that Brazil will issue a total of $30 billion in overseas debt sales in 2017, as quoted by Bloomberg, Jan. 12, 2017.

"The three of them - those guys put together - can create a lot of mischief."
Dan Ikenson, a long-time trade policy economist now with the Cato Institute think tank, on Trump's picks for Commerce Secretary, USTR and White House Trade Advisor, as quoted by Reuters, Jan. 10, 2017.

Automakers "are not going to do things that don't make business sense because they've been Twitter-shamed."
Kristin Dziczek, director of the industry, labor and economics group at the Center for Automotive Research, on US President-Elect Donald Trump's attacks against automakers producing in Mexico vs US, as quoted by Automotive News, Jan. 9, 2017.

“Every business deciding whether to locate in Ohio or Mexico is finding Mexico 20 percent cheaper.”
Former U.S. Treasury Secretary Lawrence Summers, on US President_elect Donald Trump's actions against companies that relocate jobs in Mexico, as quoted by Bloomberg, Jan. 8, 2017.

"If he puts an import duty on Mexican goods, it's going to be a total disaster."
Maurizio Rosa, chief executive of Codan Rubber Mexico, a maker of hoses for the auto industry, quoted by Reuters, Dec. 9, 2016.

"If they think that Latin America is just a bunch of guys who climb walls to get illegal work, then it is not going to go well."
Peruvian Presiden Pedro Pablo Kuczynski, on US-LatAm relations under Donald Trump, as quoted by The Washington Post, December 9, 2016.

"Trump cannot distance Washington from Mexico because the business interests are too big."
Rubens Barbosa, former Brazilian ambassador to the United States, as quoted by Reuters, December 8, 2016.

"Cuban politics are unpredictable because they are opaque. Trump is opaque because he is so unpredictable."
Peter Hakim, president emeritus of the Inter-American Dialogue, in the
Inter-American Dialogue's daily Latin American Adviser, December 8, 2016.

"Donald Trump's actions were a shakedown, plain and simple."
John Tamny is Political Economy editor at Forbes, on Donald Trump's pressure on Carrier to keep from moving jobs to Mexico, in Forbes, Dec. 7, 2016.

“When a politician rewards his business friends and punishes his business enemies it’s called crony capitalism."
Keith Hennessey, director of the National Economic Council under President George W. Bush, in his personal blog, December 5, 2016, on Donald Trump's pressure on Carrier to keep from moving jobs to Mexico.

"We know special interest crony capitalism is one big fail."
Sarah Palin criticizing Donald Trump's pressure on Carrier to keep from moving jobs to Mexico, in Young Conservatives, December 2, 2016.

"It's a one-lane highway into Mexico. Nothing coming our way, everything going their way."
US President-Elect Donald Trump attacking NAFTA at the Carrier plant, December 1, 2016.

"Many Cubans may remember Castro as a narcissist leader who carried out a deranged venture to challenge the United States for personal political gain, instead of taking advantage of Cuba's proximity to the world's largest market in order to improve the island's standard of living."
Andres Oppenheimer, The Miami Herald, November 26, 2016.

"We have to give an unequivocal message to the world that trade continues being beneficial."
Peruvian President Pedro Pablo Kuczynski at the APEC Summit in Lima, as quoted by MarketWatch, November 20, 2016.

"Trump and his acolytes and his base believe globalization is the root of all evil and trade agreements are at the base of that evil."
Riordan Roett, Director of the Latin American Studies Program at SAIS-Johns Hopkins University, in Latinvex, November 15, 2016.

"One thing is training for the game; another is actually playing it."
Brazil Foreign Minister Jose Serra on US President-Elect Donald Trump's campaign pledges to implement protectionist policies, as quoted by Reuters, November 9, 2016.

"Every moment will be a challenge. Every move or declaration will be something that will not make us comfortable in the neighborhood — and that is to everyone’s detriment."
Rossana Fuentes-Berain, director of the Mexico Media Lab, a think tank, and a founder of the Latin American edition of Foreign Affairs, on the Trump presidency and Mexico, as quoted by The New York Times, Nov. 9, 2016.

"Most people concur that a Trump victory would be catastrophic for the Mexican economy."
Walter Molano, head of research at BCP Securities, in a client note, October 31, 2016.

"When things are over they're over."
Repsol Chairman Antonio Brufau on the company not returning to Argentina despite a new government after its YPF unit was nationalized in 2012, as quoted by Reuters, October 19, 2016.

"You can now celebrate with Cuban rum and Cuban cigars."
U.S. National Security Adviser Susan Rice as she laid out new US-Cuba policy changes in a speech to a Washington think tank, as quoted by Reuters, October 14, 2016.

“I do think that he would be a horror film for North America in particular.”
Cinepolis CEO Alejandro Ramirez on Donald Trump's threat to end or renegotiate NAFTA, as quoted by Bloomberg, October 4, 2016.

"On taking over the presidency, we had a mission, to inoculate Brazil with a vaccine to make it immune to fiscal populism."
Brazilian President Michel Temer, As quoted by Reuters, Sept. 30, 2016.

"If we have to talk to the devil to guarantee the safety and future of the Mexican people in the U.S., Mexico will talk to the devil."
Mexican Economic Minister Ildefonso Guajardo Villarreal during a forum sponsored by the Americas Society/Council of the Americas in New York, as quoted by Reuters, September 21, 2016

"It's really unfortunate when politics get in the way of the facts."
Ford CEO Mark Fields, saying Donald Trump is completely wrong when he says that Ford plans to move its U.S. operations to Mexico, or even shift future investment outside the country, as quoted by CNN, September 15, 2016.

"If the man does a fraction of what he says he will, we could go back to the '30s. It gives me the goose bumps."
Peru Central Bank Governor Julio Velarde, on Donald Trump becoming president in the United States, as quoted by Reuters, September 7, 2016.

"President Rousseff had lost control of the economy and politics, and Brazil felt like a boat that was adrift."
Paulo Skaf, the leader of Brazil's powerful industry association Fiesp, which represents 130,000 companies, as quoted by the BBC, September 2, 2016.

"She destroyed the country — she should have resigned long ago."
Juliana, a systems analyst in São Paulo, on the impeachment and ouster of President Dilma Rousseff, as quoted by Financial Times, September 2, 2016.

"We'll face the music if there is music."
Peruvian President Pedro Pablo Kuczynski on the dispute with Gramercy, as quoted by LatinFinance, August 22, 2016.

"One day I will write a book about being a businessman in Argentina without dying in the attempt."
Alfredo Coto, owner of Supermercados Coto, quoted by La Nacion, August 9, 2016.

"We’re giving Argentine businessmen four years to go to the gym, train, prepare themselves so that in four years they can go out to the ring."
Argentine Finance Minister Alfonso Prat-Gay, on the gradual lifting of protectionist measures, as quoted by Bloomberg, August 3, 2016

"Instead of having the courts chase us, they should be giving us a Nobel prize for economics."
Argentina’s former President Cristina Fernandez de Kirchner  to with C5N television, August 1, 2016

"There’s light at the end of the tunnel, but it’s a long tunnel for Brazil."
Riordan Roett, director of Latin American Studies at Johns Hopkins University’s School of Advanced International Studies, as quoted by Bloomberg, August 1, 2016.

"I consider the hypothesis of Trump a nightmare."
Brazilian Foreign Minister Jose Serra, as quoted by Correio Braziliense and Reuters, July 31, 2016.

"Former President Hugo Chávez replaced ‘neo-liberal’ economics with neo-stupid economics."
Charles Shapiro, president of the World Affairs Council of Atlanta, as quoted by the Inter-American Dialogue's daily Latin America Advisor, July 25, 2016.

"Does Trump Even Know What NAFTA Is?"
Simon Lester, trade policy analyst with Cato’s Herbert A. Stiefel Center for Trade Policy Studies, in  a commentary, July 21, 2016

“The government has stopped providing data on the number of government employees because it is too embarrassing.”
Bernardo Vega, former ambassador of the Dominican Republic to the United States, as quoted by the Inter-American Dialogue's daily Latin America Advisor, July 15, 2016.

"We are now evaluating all the legal measures against all these bandits."
Venezuelan President Nicolas Maduro on Citibank and Kimberly Clark announcing cutbacks or exit from Venezuela, as quoted by Bloomberg, July 14, 2016.

"It is natural that he doesn't want competition, but that's not what the country wants."
Brazil Transportation Minister Mauricio Quintella, criticizing opposition by Azul CEO Antonoaldo Neves to government plans to lift foreign ownership caps in airlines, as quoted by Reuters, July 11, 2016

"If you were a McDonald’s employee, listen to me, you would never be voted employee of the month."
Venezuelan Foreign Minister Delcy Rodriguez, attacking OAS Secretary General Luis Almagro, as quoted by The Guardian, June 23, 2016.

“This is a campaign to try to tarnish the reputation of Peru.”
Finance Minister Alonso Segura, quoted by Bloomberg, June 3, 2016

"If we don't know exactly where the gold comes from, we're not going to buy from Peru."
Jose Camino, lawyer for Swiss refiner Metalor Technologies SA, on plans by presidential candidate Keiko Fujimori to end the crackdown on illegal gold mining, as quoted by Reuters, May 31, 2016.

"By reneging on their word, these organizations have completely disregarded the economic impact and reputational damage to our association."
Carlos Lopez, president of the Inter-American Bar Association, informing members that its June conference in Havana was abrubtly cancelled by Cuban government organizations, as quoted by the Daily Business Review, May 20, 2016.

"The faster the reforms are approved, the faster credibility will return, and hence, the faster the economic turnaround will come ."
Alberto Bernal, Chief Global and EM Strategist, XP Securities, as quoted by Latinvex, May 16, 2016.

"It's been a mess."
Source involved in preparing the campaign for the August 2016 Rio Olympics, admitting Brazil was missing an opportunity by leaving it so late, as quoted by Reuters, May 4, 2016.

"As an American, frankly, I'm embarrassed by his statements."
Robert Zoellick, former World Bank President and US Trade Representative, as quoted by Reuters, April 27, 2016, on comments by Republican frontrunner Donald Trump that Mexico is "killing" the United States on trade and sending rapists and drug runners north, and his threats to impose tariffs against Mexico and build a wall to stop illegal immigrants crossing the border.

"The rule of law is not a liability for a country. It is an asset." 
Paul Singer, founder and co-CEO of Elliott Management Corp, on Argentina's settlemnet of debt to bondholders, in The Wall Street Journal, April 24, 2016

"This is a rather unusual coup. She is going to the U.N. to denounce a coup but handing over power during her trip to the man she says is trying to overthrow her."
Brazil Vice President Michel Temer's spokesman Marcio de Freitas, on President Dilma Rousseff, as quoted by Reuters, April 20, 2016

"It's an absolute record. Before the only one who lent us money was Chavez."
Argentine Finance Minister Alfonso Prat-Gay after the country's successful $16.5 billion bond, as quoted by La Nacion, April 19, 2016.

"It's time for change."
CNI, Brazil's most powerful industry lobby in a letter to lawmakers, where it attacked President Dilma Rousseff's mistaken policies for the "catastrophic" situation of the country, as quoted by Reuters, April 13, 2016.

"The labor reform is like a horse without a tail. It's not pretty, but it walks."
Chilean Senator Pablo Letelier from the ruling Socialist Party, on the watered down labor law, as quoted by Reuters, April 6, 2016.

"It's like a glass that broke into millions of pieces."
Josue Gomes da Silva, president of Springs Coteminas and son of Brazil's former vice president Jose Alencar, on the government of President Dilma Rousseff, as quoted by Valor Economico, March 2016.

"I will never resign under any circumstances."
Brazilian President Dilma Rousseff, facing impeachment, quoted by Reuters, March 22, 2016

“Just when you think Petrobras can’t get worse, it does."
James Gulbrandsen, a Rio de Janeiro-based partner at NCH Capital, on the record loss posted in the fourth quarter, as quoted by Bloomberg, March 21, 2016.

"In Brazil, everything is possible but nothing is probable."
Roberto Setubal, President and CEO of Brazil's top private bank Itau Unibanco, as quoted by Reuters 13, March 2016.

"Payment of bribes from the Odebrecht group to agents of Petrobras ...was not an isolated act, but part of the Odebrecht group’s corporate policy."
The sentence convicting Marcelo Odebrecht, ex-CEO of Odebrecht SA, to 19 years in prison, as quoted by Bloomberg, March 8, 2016

Trump is "exploiting feelings like Hitler did in his time."
Felipe Calderon, Mexico's president 2006-12, as quoted by Reuters, February 27, 2016.

"He reminds me of Hitler."
Vicente Fox, Mexico's president 2000-2006, to Anderson Cooper on CNN., February 26, 2016.

"While they hire criminals as advisors, we hire advisors to fight crime."
Dominican opposition presidential candidate Luis Abinader, on the arrest of Dominican President Danilo Medina's Brazilian advisor Joao Santana, as quoted by Diario Libre, February 26, 2016. Abinader has hired Rudy Giuliani as advisor.

"Moody’s believes that the government’s current fiscal situation could prevent it from supporting Petrobras sufficiently to avoid a default."
Moody’s on cutting its rating on state-controlled Petroleo Brasileiro SA by three levels to B3, six levels below investment grade, saying it now thinks government support is only moderately likely. It had previously assigned a high likelihood to state support.

"Normalization (of relations) is impossible while sanctions remain in place."
Carlos Gutierrez, former US Secretary if Commerce under President George W Bush and former CEO of Kelloggs, at a US Chamber of Commerce event on Cuba, as quoted by The Miami Herald, Feb. 17, 2016.

"Like asking a starving person to eat less."
David Enriquez, a Mexico-city based partner at energy consultant Goodrich Riquelme & Asociados, on the government's request that Pemex trim costs at a time of mounting debt and sunken crude prices, as quoted by Bloomberg, Feb. 9, 2016

"Number 10 used to mean Pele. Now it’s inflation rate, unemployment rate and the popularity rate of the president."
Alberto Ramos, the chief Latin America economist at Goldman Sachs, said at an event organized by the Brazilian-American Chamber of Commerce in New York, as quoted by Bloomberg, January 27, 2016

“It’s hard to talk business when the person across from you will go to jail."
Claudia Castro, senior analyst at OppenheimerFunds, on the impact of the growing Petrobras corruption scandal, said at an event organized by the Brazilian-American Chamber of Commerce in New York, as quoted by Bloomberg, January 27, 2016

"The peso is fast becoming the Chelsea F.C. of the EM currency universe: great on paper, poor in practice."
Peter Kinsella, Commerzbank AG's head of emerging-markets currency research, in a note to clients on the weakening of the Mexican peso, as quoted by Financial Times and Bloomberg, January 21, 2016.

"I’ve seen him more than my own family, so it’s obvious that we want to negotiate."
Argentine Finance Secretary Luis Caputo on his talks with the debt holdouts, as quoted by Bloomberg, January 14, 2016.

"The garbage isn’t ours, but we have no problem with starting to clean it up"
Argentine finance minister Alfonso Prat-Gay, on the talks with debt holdouts, as quoted by La Nacion, January 13, 2016

"He came in and ripped the band-aid right off."
Ray Zucaro, chief investment officer at RVX Asset Management, on Argentine President Mauricio Macri's rapid reform program, as quoted by Bloomberg, January 6, 2016.

"With fighting no-one wins, with dialogue, everyone wins."
Mauricio Macri in his inauguration speech as president of Argentina, December 10, 2015.

"I can't speak long because at midnight I turn into a pumpkin."
Cristina Kirchner, whose presidential mandate in Argentina ended at midnight on December 10, 2015.

"The current government is doing more or less everything wrong at the moment in terms of maintaining a viable economy."
Paul McNamara, who oversees $4.5 billion in emerging-market bonds at GAM UK Ltd. in London, on hope for change in Venezuala after the opposition won congressional elections, as quoted by Bloomberg, December 7, 2015.

"There is still no light at the end of the tunnel."
Luciano Rostagno, chief strategist at Banco Mizuho in Sao Paulo, on Brazil's latest economic news, as quoted by Reuters, December 1, 2015.

"Never before in history have we had so little certainty about tomorrow."
Gabriel Petrus, a political analyst at Brazilian business consulting firm Barral M Jorge, as quoted by Bloomberg, November 29, 2015

"One insults when being desperate or lacking arguments."
Peruvian Prime Minister Pedro Cateriano, on Venezuelan President Nicolas Maduro calling OAS Secretary General Luis Almagro "garbage" after he expressed concern over the assasination of opposition politician Luis Manuel Díaz, as quoted by El Comercio, Nov. 27, 2015.

"A country is not like a company."
Argentina's outgoing president Cristina Kirchner, indirectly attacking the credentials of her successor, businessman and Buenos Aires mayor Mauricio Macri, as quoted by Perfil, November 25, 2015

"We are like the Titanic. The iceberg is not next door. It is relatively far away. But our trajectory is very concerning."
Jose Olympio Pereira, CEO of Credit Suisse Group AG’s Brazil unit, on Brazil's economy, as quoted by Bloomberg, November 5, 2015.

"I am not a candidate for anything.But when I leave, please God, I don't want to see ruined what it took us years to build!"
Argentine President Christina Kirchner, as quoted by Reuters, October 30, 2015

If Macri wins the election later this year, there will be fireworks in the financial markets."
Alberto Bernal, head of research at Bulltick Capital Markets, as quoted by the Inter-American Dialogue's daily Latin America Advisor, October 27, 2015

"A Macri victory means this has become an economic normalization trade, not just an ‘anybody but Cristina’ trade"
Daniel Freifeld, a partner at Washington-based Callaway Capital Management, on Argentina's tight presidential elections, as quoted by Bloomberg, October 26, 2015

"That’s wicked. ..That’s horrendous."
Elextrolux CEO Keith McLoughlin, on the dramatic sales declines in Brazil, as quoted by Business Insider, October 26, 2015

"This is not a government. Rousseff no longer governs."
Helio Bicudo, who was a high-ranking member of Rousseff's ruling Workers' Party, as quoted by AP, October 16, 2015.

"I think we’re going to see the greatest jailing of congressmen in world history."
Silvio Costa, a deputy leader of the Brazilian congress from the government camp, as quoted by The Guardian, October 15, 2015

"There are crises now of politics, economics and ethics. I’ve never known this multiplicity of overlapping crises."
Arnaldo Jordy, deputy leader of the opposition Popular Socialist party, who has been in congress for 29 years, as quoted by The Guardian, October 15, 2015

"This problem is all Brazilian -- we created it."
Fausto Gouveia, a money manager at AZ Legan, on Brazil's economic crisis, as quoted by Bloomberg, October 14, 2015

"It's as if the government has ceased to exist."
Brazilian Congressman Pauderney Avelino of the opposition Democrats party, on the growing weakness of President Dilma Rousseff, as quoted by Reuters, October 8, 2015

"It was like Messi, Pele and Maradona on the same team."
Brazil ex-president Lula on his alliance with the late presidents of Venezuela and Argentina, Hugo Chavez and Nestor Kirchner, as quoted by Argentine magazine  La Garganta Poderosa.

"Don’t concentrate too much on what Daniel says right now. Look instead at how he has governed the province of Buenos Aires for the last eight years."
Gustavo Marangoni, the president of the Bank of the Province of Buenos Aires and a close adviser to presidential candidate Daniel Scioli, as quoted by the Financial Times, Sept 29, 2015

"Are these guys taking over the world? Well, sure."
Tom Pirko, director of Bevmark, which advises the food and beverage industry, on 3G Capital and their latest deal, the AB InBev-SAB Miller merger, as quoted by Fortune, Sept.16, 2015

"Donald Trump’s facts are as loose as his lips."
Arturo Sarukhan, former Mexican ambassador to the United States, quoted by the Inter-American Dialogue's biweekly Financial Services Advisor, August 27, 2015. 

"The greatest uncertainty is whether the Cuban government will take advantage of the new opportunities offered by the U.S. policy changes."
Peter Hakim, president emeritus of the Inter-American Dialogue, in the Dialogue's biweekly Financial Services Advisor.

"The political climate is deteriorating so fast that there is a real risk she will not finish her term."
Paulo Kramer, a Brasilia-based political consultant, on the impact of a probe by Brazil's Federal Accounts Court (TCU) into account irregularities by President Dilma Rousseff, as quoted by Reuters, August 11, 2015.

"There are too many bolivars chasing too few dollars."
Russ Dallen, managing partner at Caracas Capital Markets, on why the Bolivar is falling so quickly compared with the US dollar, as quoted by the Financial Times, July 27, 2015.

"I think we should boycott Mexico frankly. Mexico is treating us very, very badly."
Donald Trump to host Rita Cosby on radio station 77 WABC in New York, July 19, 2015.

"Cuba, in a way, got caught with its pants down by not being prepared for this."
Jury Krytiuk, senior booking agent for A. Nash Travel, an Ontario-based agency that specializes in travel to Cuba, on the US opening while Cuba still lacked hotel capacity, as quoted by Bloomberg, July 13, 2015.

"The closer you are to Brazil as an investor, the tougher time you have investing in the country right now."
Will Landers, portfolio manager for Latin American funds at BlackRock Inc. in New York., WSJ, July 13, 2015

The bolivar has gone parabolic in its collapse. Two things are happening: less dollars are coming into the economy from the falling price of oil, and the Venezuela central bank is printing money like there is no tomorrow."
Russ Dallen, the head trader at brokerage Caracas Capital Markets, quoted by Bloomberg, July 10, 2015

"They don’t want me saying that Mexico is killing the United States in trade and killing the United States at the border."
Donald Trump on why Univision cancelled its contract to broadcast Miss Universe after his comments on Mexicans being rapists and drug traffickers, as quoted by various US media, June 25, 2015.

Hugo Chavez "was a talented politician who garnered applause when he explained, inspired tears when he touched hearts and generated laughter when he told jokes. His sad successor, Maduro, generates laughter when he explains, tears when people go to the stores and only garners applause when he leaves."
Former Bolivian President Jorge Tuto-Quiroca, in El Pais, June 24, 2015.

"In arresting Marcelo Odebrecht, Brazilian federal prosecutors have netted themselves a whale."
Bloomberg on arrest of Odebrecht CEO in connection with Petrobras bribes, June 19, 2015.

"With Arrest of Marcelo Odebrecht, Brazil’s Corruption Probe Moves to the Penthouse."
The Wall Street Journal, June 19, 2015, on arrest of Odebrecht.

“You chose not to complete the trial, not me. In some forum, you’re going to have to explain why, but maybe not here.”
U.S. District Judge Joseph Irenas, who criticized prosecutors for their case and unexpected plea deal with ex-PetroTiger CEO Joe Sigelman, as quoted by The Wall Street Journal, June 17, 2015.

"Mexico has our jobs. They’re killing us economically.."
Donald Trump at presidential bid announcement, June 16, 2015.
(More quotes from the announcement).

"If you are an investor focused on quarterly results and internal rates of return with immediate exits, Cuba might not be for you."
Ian Livingstone, London & Regional co-executive chairman, in the Financial Times, June 7, 2015.

"Ecopetrol should be the James Rodriguez of exploration."
Colombian oil minister Tomas Gonzalez, as quoted by Portafolio, June 7, 2015. 

"Many of the corrupt officials and thieves who have harmed football were arrested."
Brazilian federal lawmaker and former national team striker Romário, on the arrests of corrupt soccer officials in Brazil linked to FIFA, as quoted by The Guardian, May 29, 2015.

"People have been selling first and asking  questions later when it comes to Brazil. "
Thomas Shapiro, president of GTIS, on why he sees opportunities for distressed investors, as quoted by The Wall Street Journal, May 20, 2015

After “distrusting businessmen like a fox in a hen house, we ended up with no foxes and no chickens."
Juan Curutchet, an aide to Argentine presidential candidate Mauricio Macri and also vice president at Banco de la Ciudad de Buenos Aires, as quoted by Bloomberg, May 14, 2015

"The world sees Venezuela with much admiration, respect and sympathy."
Venezuelan President Nicolas Maduro to Venezuelan media as quoted by Ultimas Noticias, May 12, 2015

"The word for it is chaos."
Vandre Guimaraes, development secretary for the city of Macae, which Petrobras uses as a base for its offshore operations, on the oil giant's corporate policies and plans, as quoted by Bloomberg, April 20, 2015.

"You cannot commit a crime and then profit from it."
Theodore Olson of Gibson Dunn & Crutcher, on Ecuador's $9.5 billion verdict against Chevron, as quoted by The Wall Street Journal, April 20, 2015.

"I just think the toothpaste has come out of the tube."
Thomas Herzfeld, chairman and president of Thomas J. Herzfeld Advisors, an investment firm that works on investments in Cuba, on US policy likely easing towards normal trade relations with Cuba, as quoted by CNN, April 15, 2015.

"For us politics is service, it's not business."
Panama President Juan Carlos Varela, on the corruption investigations into his predecessor, as quoted by AP, April 8, 2015.

"As many voters now realize, Ms Rousseff was peddling a lie."
The Economist, March 28, 2015, on Brazilian President Dilma Rousseff's re-election message that the opposition threatened Brazil's economic growth.

"I wish all of this was a lie and there was never any bribery."
Maria das Graças Foster, former CEO of Petrobras, as quoted by Reuters, March 26, 2015

"The government sees success where there is failure."
Carlos Blanco, professor of international relations at Boston University and former Minister for Reform of the State and President of the Presidential Commission for State Reform in Venezuela, as quoted by Latinvex, March 25, 2015.

"In Latin America, we’re drowning in corruption."
Mana lead vocalist Fher Olvera in Huffington Post, March 23, 2015

"I cannot let this project become an international joke."
Wang Jing, the developer of the $50 billion Nicaragua Canal, as quoted by the BBC, March 18, 2015

"It’s not like the world is falling apart".
Wim Dejonghe, Global Managing Partner of Allen & Overy, on the loss of its key Latin America team, as quoted by The Lawyer, March 19, 2015

"The common message is, ‘We can’t take this anymore and we will not allow that anymore."
Rogerio Chequer, leader of the São Paulo-based group Vai Pra Rua (Come to the Streets), as quoted by The Wall Street Journal, March 16, 2015

“Maduro’s elementary school excuse: ‘A coup ate my homework.’”
Comedian Joanna Hausmann, as quoted in Foreign Policy, March 15, 2015

"Brazilians are tired of such corruption, lies and [the] bad economy."
CNN iReporter Bruno Teles, CNN, March 15, 2015

"It doesn't matter which political party you are from, we are tired of being robbed."
An anti-corruption protester in Sao Paulo as quoted by CNN, March 15, 2015.

"The anti-corruption package will be more fluff than anything real."
Thiago de Aragao, a partner and director of strategy at Arko Advice, a Brasilia-based political risk company, on President Dilma Rousseff's response to the anti-corruption protests, as quoted by Bloomberg, March 15, 2015

"This is a country where the good that is in highest shortage is not toilet paper, but rationality."
Venezuelan opposition lawmaker Julio Borges, as quoted by El Pais, March 6, 2015

“The corruption case has contaminated everything. There is no end in sight."
Rubens Bueno, a legislator for the opposition Popular Socialist Party, on the Petrobras bribe scandal, as quoted by Reuters, March 5, 2015.

"From paid celebrities to bribed court officials to the ghostwritten judgment, the case against Chevron in Ecuador is a well-funded and manufactured extortion scheme."
Chevron spokesman Morgan Crinklaw, commenting on news of Ecuador's planned luxury trip for Sharon Stone to denounce the oil company, as quoted by Bloomberg, Feb. 26, 2015.

"It's a lack of knowledge about what's happening at Petrobras."
Brazil President Dilma Rousseff on Moody's downgrading Petrobras debt to junk, as quoted by EFE, Feb. 26, 2015

"I don’t see a path out in which they can avert default."
Deutsche Bank’s Armando Armenta on the likelihood of a Venezuelan default this year, as quoted by Bloomberg, Feb. 24, 2015.

"If you can just add an aspirin at the end of the process, the narcos can do that, too."
George Baker, publisher of the Houston-based newsletter Mexico Energy Intelligence, on Pemex plans to no longer ship finished, usable gasoline or diesel through its network of ducts, as quoted by AP, February 17, 2015.

“If you want the cooperation of private enterprise the best way to get it is probably not by arresting people coming out of the presidential palace."
José Aguerrevere, the founder and part owner of Día Día supermarket chain, on the arrest of his CEO, as quoted by The Wall Street Jorunal, Feb. 9, 2015

"Brazil's Rousseff pours gas on Petrobras fire."
Bloomberg commentary February 9, 2015 on President Dilma Rousseff appointing a government loyalist as new Petrobras CEO amidst its growing corruption scandal.

"It raises doubts about whether it was because of economic reasons, or if simply the government is incapable of carrying out a transparent bidding process that’s free of suspicion."
Jorge Chabat, an analyst with the Center for Research and Teaching in Mexico City, quoted by Bloomberg, Feb 2, 2015 on Mexican government's second delay in its $4 billion rail auction.

"The president is talking more as if she were a crime fiction novelist than a head of state."
Jorge Asis, a novelist and former culture secretary under ex-President Carlos Menem, on President Cristina Kirchner's comments of the suspicious death of prosecutor Alberto Nisman, as quoted by Bloomberg, Jan. 23, 2015.

"The risk is that the government would have to provide financial support to Petrobras in the event of an acceleration of debt."
Mauro Leos, Moody’s sovereign analyst for Brazil, in the Financial Times, January 7, 2015, warning of a possible credit downgrade for Brazil as a result of the growing corruption scandal at Petrobras an its increased difficulties in obtaining finance.

"Choosing Joaquim Levy as finance minister in a PT government is like naming the CIA chief to head the KGB."
Aeco Neves, former Brazilian presidential candidate, on the appointment of his former economic advisor Levy as new finance minister in Brazil, as quoted by Valor Economico, November 26, 2014.

"An active coup strategy from Judiciary."
Argentine President's chief of staff on  probe of CFK's hotel company Hotesur, as quoted by EFE, Nov 23, 2014.

"This may change the country forever."
Brazilian President Dilma Rousseff on the probe into corruption at Petrobras, as quoted by Reuters, November 16, 2014.

"No country ever became prosperous by hounding foreign corporations in kangaroo courts."
Wall Street Journal columnist Brett Stevens on the Chevron-Ecuador case, October 28, 2014

"Peru is Latin America's China."
Jorge Errázuriz, Vice President of Brazilian investment bank BTG, as quoted by Gestion, October 14, 2014

"If she thinks we're marching up to Brasilia again next year, she can forget it."
A leading financial executive in Sao Paulo to Reuters, Oct. 7, 2014, on the difficulty of a "charm offensive" aimed at business if she wins the elections.

"If only one [airline] is left, then there will be only one."
Venezuelan President Nicolas Maduro on threats by foreign airlines to stop flying after they are owed $3.5 billion by the government, as quoted by the Los Angeles Times, Sept. 30, 2014

"We’re going to obey, and if we obey, we have a gun to our head and the gun will probably go off."
Citibank lawyer Karen Wagner at the U.S. Court of Appeals in Manhattan, according to Bloomberg, Sept 18, 2014

"Argentina’s leaders have literally chosen to be outlaws."
Aurelius Capital Management on Argentina's move to sidestep a US ruling on its debt obligations, as quoted by Reuters, August 20, 2014

"It sort of underscores that she lives in a world of her own more and more."
Felipe Noguera, a political analyst, on the announcement by Argentine President Fernandez that she didn't watch the World Cup final between Argentina and Germany, as quoted by Reuters, July 15, 2014.

"It's going to confirm to the people that 'Look, our economy is struggling, we cannot get any growth, now we don't even have a decent football team either.'" 
Geoffrey Dennis, head of emerging-market strategy at UBS, quoted by Bloomberg,
July 9, 2014, after Brazil was humiliated by Germany at the World Cup.

"Argentina's government seems determined to plunge the country into a completely avoidable crisis on July 30."
Mark Brodsky, the chairman of Aurelius Capital Management, as quoted by Reuters, July 1, 2014

"The Mexico' economy is like the [World Cup] team.  It never reaches 5. "
Columnist Enrique Campos Suarez in El Economista, comparing the failure to win its fifth game at the World Cup with the failure of the economy to hit 5% growth, June, 2014.

"They shoot penalties at me, free kicks, they score with their hand ... The referees screw us over two-thirds of the time with terrible bias."
Argentine President Cristina Fernandez, alluding to US court ruling on the country's debt, as quoted by Reuters, June 24, 2014.

"In Argentina, we have always thought that we are more clever than the rest of the world."
Claudio Loser, a former International Monetary Fund director who now heads research firm Centennial Group Latin America, on Argentina's threats to not negotiate with bond holdouts, as quoted by Bloomberg, June 19, 2014.

"They’re acting like a wounded animal in a corner."
Jorge Mariscal, chief investment officer for emerging markets at UBS Wealth Management, on Argentina's erratic bevavior after the US Supreme Court rejected its appeal, as quoted by Bloomberg, June 19, 2014.

"Everything is worse than Brazil."
Brazil's ex-president Luiz Inácio Lula da Silva, complaining over pundits declaring Mexico as the new star over once-hot Brazil, as quoted by El Pais, June 7, 2014

"There seems to be an ill mood toward Brazil today. I don't know why."
Brazil President Dilma Rousseff, explaining why the economy is slowing down, as quoted by Reuters, June 4, 2014

Politics in Panama "will change from being a business to a service."
Panama's president-elect Juan Carlos Varela to the press after winning the May 4, 2014 presidential elections

"I know the winner. May God have mercy on us."
Panama's outgoing president Ricardo Martinelli on president-elect Juan Carlos Varela, as quoted by Reuters, May 5, 2014

"Poor Dilma Rousseff. Brazil’s president projects the tedious aura of the efficiency of Angela Merkel, except with the delivery of the Marx brothers."
Financial Times editorial on Rousseff's failures on the preperations for the World Cup and 2016 Olympics and links to a Petrobras corruption scandal and growing energy problems, May 4, 2014.

“The country of soccer doesn’t want to host the World Cup. That elan is gone.”
Localiza Rent a Car CEO Eugenio Mattar to Bloomberg, April 2, 2014

"Airlines certainly cannot sustain operations indefinitely if they can't get paid."
Tony Tyler, CEO and Director General, International Air Transport Association (IATA), 
on airlines suspending operations in Venezuela after being owed $3.7 billion since October. 

"No country has been so far behind in preparations since I have been at FIFA even though it is the only host nation which has had so much time, seven years, in which to prepare."
FIFA president Sepp Blatter, as quoted by 24 Heures, January 4, 2014

"She's a manager instead of a chairman of the board. That can only turn out badly."
Eduardo Campos, Governor of Pernambuco state and presidential candidate for the Brazilian Socialist Party (PSB), as quoted by Reuters, December 19, 2013.

"Oil's well that ends well."
The Economist, December 14, 2013, on the Mexican energy reform.

"They removed the lock from the door, but do you want to go through?"
Alberto Ramos, Latin America economist at Goldman Sachs, as quoted by Reuters, December 12, 2013

"There’s always going to be a company that has more clients than the others, whether it be popsicles or tamales."
Carlos Slim, controlling owner of America Movil, commenting plans by Mexico's government to break up his dominance, as quoted by Bloomberg, December 5, 2013.

"There were things that I did in Ecuador in the foreign legal system that were I felt appropriate for the foreign legal system based on what I observed as an American lawyer. And there are things down there that, no, would not be appropriate here."
Steven Donziger, on trial for fraud against Chevron in Ecuador, November 19, 2013

"They gave me a really great cruise ship, steady, that makes a lot of money
and knows where it is going. Now I will build a rocket-ship."
Cisneros CEO Adriana Cisneros, Bloomberg, Nov. 15, 2013

"It was a chronicle of a death foretold."
Adriano Pires, head of the Brazilian Center for Infrastructure in Rio de Janeiro, on the OSX bankruptcy after OGX had filed for bankruptcy, quoted by Bloomberg, November 11, 2013

"A lot of the people who invested with Batista were not fools, and his rise and fall has followed that of Brazil."
Aldo Musacchio, associate professor at Harvard Business School in Boston, quoted by Reuters, August 30, 2013

"Brazilians are last-minute sprinters. It is part of our culture."
Eduardo Marson, chairman of Brazil's general aviation association ABAG, on delays in preparing the airport infrastructure needed for the 2014 World Cup in soccer, as quoted by Reuters, August 14, 2013.

"Delaying the auction is synonymous with killing it."
Adriano Pires, the head of the Brazilian Center for Infrastructure, a consulting firm in Rio de Janeiro, on President Dilma Rousseff's announced delay of the Rio de Janeiro-Sao Paulo bullet train, as quoted by Bloomberg 12, August 2013.

"Our struggle is like David versus Goliath having to deal with media attacks and
giving people answers to their problems on a daily basis."

Argentine President Cristina Kirchner, as quoted by Bloomberg, August 11, 2013..

"Brazil is a market with great potential, but at the same time it bears risks for car manufacturers like Porsche due to the fiscal political situation."
Matthias Brück, President and CEO of Porsche Latin America, in Latinvex, June 26, 2013

"He bundled wind and sold it."
Miriam Leitão, an economic historian and columnist for O Globo, on mogul Eike Batista's initial success before facing bankruptcy, as quoted by The New York Times, June 23, 2013

"PDVSA has been nothing more than Santa Claus for a number of countries."
Anthony T. Bryan, a Caribbean specialist who’s a senior associate at the Center for Strategic and International Studies, in The Miami Herald, March 6, 2013

"To exchange one socialist and authoritarian clown for a socialist, authoritarian former bus driver is not going to make a difference."
Jerry Haar, Latin American specialist and associate dean of the College of Business at Florida International University, in the Sun-Sentinel, March 5, 2013

"My country is not a soccer club. It is a sovereign nation that makes its decisions sovereignly and will not be subjected to any pressure, let alone to any threat."
Argentine President Cristina Kirchner,  as quoted by AP, Sept. 25, 2012

"You don’t create capable and creative people by decree."
Leandro Tessler, institutional relations coordinator at the University of Campinas, on new affirmative action laws in Brazil, as quoted by The New York Times, August 31, 2012.

“Santos’ style has also eroded the confidence level not only of the armed forces, but of Colombians themselves.”
Andres Otero, Managing Director, Kroll Latin America, on one of the reasons security has worsened under President Juan Manuel Santos, as quoted by Latinvex, August 21, 2012.
“It’s almost a (…) curse of rich natural resources.”
Luanne Zurlo, founder and president of Worldfund, on Latin America’s lack of interest in making education a top priority, as quoted by Latinvex, August 20, 2012.

"Providing asylum to the WikiLeaks founder won't change the repressive conditions facing Ecuadoran journalists who want to report critically about government policies and practices." 
Carlos Lauria, Committee to Protect Journalists, on the decision by Ecuador to grant asylum to WikiLeaks founder Julian Assange.

"Congress is acting like a drunk with a machine gun." 
Dominican economist Jose Luis de la Ramon, on his country's legislators' behavior in passing laws, as quoted by Hoy newspaper, August 9, 2012. 

"Mercosur will suffer a huge blow to its credibility that may well be fatal."
Thomas Andrew O'Keefe, president of Mercosur Consulting Group, on Venezuela's entry to the group, as quoted by the Inter-American Dialogue's daily Latin America Advisor.

"It's as if I sell you a bottle that says Coca-Cola but what's inside is Pepsi."
Peruvian legal expert Fernan Altuve on the dispute between the Vatican and Peruvian university  PUCM over its name, as quoted by The New York Times.

"We have to guarantee that all of our users are going to be able to get a quality product."
Julio Calzada, secretary general of Uruguay's National Committee on Drugs, describing government plans to sell marijuana, as quoted by The New York Times.

"Human resources are still a problem for the cartels, unsurprisingly given that more than 10,000 employees are violently retired each year."
columnist Schumpeter, July 28, 2012

"Arguably, he has replaced Juan Valdez as the symbol of Colombian excellence."
Myles Frechette, former US ambassador to Colombia, on Colombia's former police chief Oscar Naranjo, as quoted by the Inter-American Dialogue's daily Latin America Advisor.

"Mounting protectionism and the rule-breaking admission of Venezuela have fatally undermined a once-promising trade block."
The Economist on Mercosur.