In August of that year, Mexico and other over-extended Latin nations threatened default.

FORBES: Fact and Comment

Yet though the frontiers of health-care policy have been extended, making Latin America a testing-ground for reform worldwide, not all the arguments have been settled.

ECONOMIST: The Americas shift toward private health care

That was what happened in Latin American a decade ago when many foreign bankers agreed to write off up to half the total loans they extended.

CNN: Bracing for a Default