The leaders of eight Latin American countries...

The leaders of eight Latin American countries have set the stage for a renewed assault on high interest rates in industrialized nations, calling them a key factor in the region’s $380-billion foreign debt burden. Uruguayan Foreign Minister Enrique Iglesias said that the presidents of Argentina, Brazil, Colombia, Mexico, Panama, Peru, Uruguay and Venezuela would seek at a summit in Mexico next month to persuade creditor nations to improve world economic stability by tightening their belts. Iglesias said the Latin leaders believe that interest rates were the key to the region’s debt problems.