{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='MEXICO: GOVERNMENT REVEALS NEW MORTGAGE PLAN' data-url='/boclips/videos/5c54c498d8eafeecae169fae' data-video-url='/boclips/videos/5c54c498d8eafeecae169fae' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nMEXICO: GOVERNMENT REVEALS NEW MORTGAGE PLAN\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eSpanish/NatThe Mexican government has unveiled a new mortgage plan to help struggling property owners keep their homes.The programme will offer a 30 percent discount on monthly interest payments to mortgage holders who have restructured...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eSpanish/Nat\u003cbr/\u003eThe Mexican government has unveiled a new mortgage plan to help struggling property owners keep their homes.\u003cbr/\u003eThe programme will offer a 30 percent discount on monthly interest payments to mortgage holders who have restructured or will restructure their debts.\u003cbr/\u003eThe plan however has met strong opposition from debtors who contend the move will only increase their long-term debts.\u003cbr/\u003eFor many Mexicans, repaying their debts has become an increasingly burdensome ordeal.\u003cbr/\u003eMillions have fallen into debt since the December 1994 peso devaluation crisis.\u003cbr/\u003eAnd most of them can only pay the minimum monthly interests on their mortgages.\u003cbr/\u003eBut on Thursday, the government announced a new mortgage plan designed to help struggling property owners pay their mortgages.\u003cbr/\u003eIt will offer a 30 percent discount on monthly interest payments to those who have restructured or will restructure their debts this year.\u003cbr/\u003ePresident Ernesto Zedillo is confident the plan will help the country recover from its crisis.\u003cbr/\u003eSOUNDBITE: (Spanish)\u003cbr/\u003eThis programme, as well as the others aimed at relieving debtors, represents a considerable cost for public finances. These debt relief programmes are adopted with responsibility, in order to avoid further costs due to the crisis and to contribute to recovery.\u003cbr/\u003eSUPER CAPTION: Ernesto Zedillo, President of Mexico\u003cbr/\u003eThe plan has received a cold reception from many Mexicans.\u003cbr/\u003eThey claim their debts will increase in the long run.\u003cbr/\u003eSOUNDBITE: (Spanish)\u003cbr/\u003eThe problem we have is that they (government) reach an agreement but they don't ask what the people can really pay.\u003cbr/\u003eSUPER CAPTION: Karina Mercusi, debtor \u003cbr/\u003eSOUNDBITE: (Spanish)\u003cbr/\u003eI think the president is not helping us at all. On the contrary, restructuring leads to more drugs, we cannot pay, our debts increase year by year, it's more money.\u003cbr/\u003eSUPER CAPTION: Maria de Jesus Alegria, debtor\u003cbr/\u003eMexico is undergoing one of its worse economic crisis in decades.\u003cbr/\u003eAnd skyrocketing interest rates are making re-payment of loans an impossibility for most Mexicans.\u003cbr/\u003eWith little cash available, many are increasing their debts by using credit cards.\u003cbr/\u003eLeaders of the debtors' group known as El Barzon say the government has been slow in solving their pressing problems.\u003cbr/\u003eSOUNDBITE: (Spanish)\u003cbr/\u003eToday they (government) are practically alone, making economic policy on their own, and living only of the grief of this disaster but they are dragging with them (m) millions of Mexicans who are not to be blamed.\u003cbr/\u003eSUPER CAPTION: Juan Jose Quirino, President of El Barzon\u003cbr/\u003eAnalysts say the programme will put another burden on tax-payers who, in the long-run, will be forced to pay more taxes to help the government finance the relief plan.\u003cbr/\u003eMembers of El Barzon said they would continue to withhold payments until demands for greater mortgage relief were met.\u003cbr/\u003eMexico City, 16 May 1996\u003cbr/\u003e1. Two shots people paying debts at collection centre\u003cbr/\u003e2. Tight shot woman paying at window\u003cbr/\u003e3. Close-up Zedillo on TV screen- pull out to fruit vendor watching Zedillo on TV\u003cbr/\u003e4. Wide shot Zedillo making announcement\u003cbr/\u003e5. SOUNDBITE: (Spanish), Ernesto Zedillo\u003cbr/\u003e6. Woman leaving collection centre\u003cbr/\u003e7. SOUNDBITE: (Spanish), Karina Mercusi\u003cbr/\u003e8. SOUNDBITE: (Spanish), Maria de Jesus Alegria\u003cbr/\u003e9. Tight shot glass door with types of credit cards accepted\u003cbr/\u003e10. People waiting in line to pay\u003cbr/\u003e11. Close-up credit cards\u003cbr/\u003e12. Cashier preparing credit card invoice\u003cbr/\u003e13. People waiting in long line outside bank\u003cbr/\u003e14. SOUNDBITE: (Spanish), Juan Jose Quirino\u003cbr/\u003e15. Various of woman paying at store's cashier\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1996\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003enorth america, central america, business, real estate, personal finance, mexico, mortgages\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' 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