Augustin Carstens, the Governor of the Central Bank of Mexico (Banxico) said last week that the country has the elements necessary to face the problems generated by the U.S. debt and the Euro zone nations. In a media conference, Carstens said that the accumulation of international reserves, low interest rates and fiscal consolidation are some of the elements that will allow Mexico to navigate through “turbulent weathers.” He added that in view of the international financial problems, Mexico must keep its microeconomics strong and must continue the adequate management of fiscal matters “We don’t have any of the structural weaknesses that other advanced economies have, like some European countries and the United Sates.” Carstens said.