“The question is simple: Will the [MIF] give more than what these two banks are presently earning from their investments?” Escudero said in a statement.
The measure, he reiterated, should put in more guarantees on the return on investment since the two state banks would be compelled to bankroll the MIF. “If a ten-peso headache pill carries [a] therapeutic guarantee, then why can’t a fund with a price tag in the hundreds of billions [of pesos] do the same?” he said.
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