A Latin American default would have brought down the banking systems of all the major industrial countries, causing something like a replay of the Great Depression. Exposure to Mexican debt alone represented some 90% of the capitalization of major US banks.
当时，如果拉美国家普遍违约，将把各大工业国的银行体系全都拖垮，引爆又一次大萧条。美国各大银行近九成的资本都押在了墨西哥国债上。