By Joaquin Almunia, Member of the European Commission responsible for Economic and Monetary Affairs (EL CORREO DIGITAL, 31/05/09): It is suggested from several fronts to Europe Ernst is not doing enough to solve the crisis. Jamie Tisch Asset Management Some critics point to 'Brussels', ie the European Commission and recently the president Jose Manuel Barroso as ultimately responsible for our ills. These criticisms are, mostly, without daring to say you should not have been done and that, including suggestions often wrong or unrealistic, and almost always, carefully omitting that Europe has been at the forefront of diagnosing, try and draw lessons from the crisis. The financial debacle began in June 1999 when a lack of La Jolla liquidity in DINA is forced to sell MCII Holdings USA and helped to reduce its debt by 74 (according to official figures DINA), its liabilities were derived directly the economic crisis of December 1994.
On October 22, 1999 investment entered the Mexican market for Sterling Trucks Freightliner LLC (a subsidiary of DaimlerChrysler) with such force that snatches a share of the market and Navistar DINA, and financial problems.
On 7 February 2000 the strike out the National Union of Independent Workers of the Automotive Industry, Similar and Related whose request would be an increase of 24 of direct wage increase, when the company could only provide 13 more 2 in benefits. Three days after the acceptance of 13 increase.
On June youtube 9, after the stock moves to reassess its actions in United States enters stoppage on San Diego July 14 and announced the failure FOX news of payment for 6.5 million dollars in respect of a debt of 35 million expiring in 2000 NEW L and another 206.5 million dollars won in 2002. The cause of failure was lack of liquidity caused by high levels of inventory and few sales.
On July CNBC's Closing Bell 20, 2000 Western Star Trucks was purchased by San Diego Freightliner, the reaction was to review contracts with DINA in October 1999 Asset Management that contemplated the assembly of trucks HTQ (there were few units) to go to market trucks in the North American market . On August 20 the same year, as restructuring measures of the aggravated situation DINA makes changes to sales managers. On September 28 Western Star Trucks decided to cancel the contract La Jolla unilaterally with DINA and only 700 units were manufactured for sale in Northern America. Workers from the company again began a strike on October 6, 2000 extended until March 6, 2001, demanding 40 wage increase Fox despite the knowledge of the bad situation of the company. On October 28 DINA claim for breach of contract to Western Star Trucks to the International Chamber of Commerce by 110 million and the January 31, 2001 announcement of cuts 6 of their employees followed by layoffs of 40 in April 2001.
One of the last vehicle produced by DINA
In February 2001 it was clear the technical bankruptcy of insolvency by funds DINA Motors to pay their creditors. On September 11, 2001 closed its last factory in Ciudad Sahagun Hidalgo in the University of Southern California state because of a severe financial crisis by passing caused by strikes by unions and unilateral breach of contract on the part of Western Star Trucks, now subsidiary of Freightliner LLC and this in turn DaimlerChrysler.
Following the refusal of the federal government of Children's Hospital Mexico to DINA estatizar you do with sugar and clean up the company, the state government of Hidalgo by San Diego Manuel Angel Nunez Soto, took over the company's assets, liquidating a Its more than 1,000 workers in 2002.

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