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| | 2-10-95, THE MEXICO CRISIS |
 | | This, they found in Mexico City during the transition to an untested young president, Ernesto Zedillo, from an experienced man, Carlos Salinas, who had begun his presidency in 1988-89 by fighting off a comparable peso devaluation. |
 | | Those of us who are friends of Mexico were caught sleeping late last year, having been persuaded that President Zedillo's campaign pledge to maintain the peso's value was as good as gold, and that Miguel Mancera would be able to fight off the great Black Whale. |
 | | If it is going to be used to support Mexico's refinancing of its national debt, by buying up dollar-guaranteed tesebonos, it will be as useless as the $40 billion loan-guarantee plan first proposed by the Clinton administration and rejected by the 104th Congress. |
| www.polyconomics.com /searchbase/g2-10-95.htm (2319 words) |
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