Word: foreign
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Dates: during 1980-1989
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Turning to foreign policy, Bush also said CIA Director William Webster would remain in his post, the latest in a string of holdover appointments from the Reagan administration...
...surprise, Salinas in his inaugural address last week promptly called for a renegotiation of his country's $104 billion debt. While saying that he wished to "avoid confrontation," Salinas urged that negotiations begin immediately with foreign banks, governments and international lending agencies to reduce Mexico's payments on the debts...
UNFORTUNATELY for Salinas, his troubles don't end with the foreign debt crisis and the drastic measures it has imposed on the Mexican people. He finds himself in a climate of political turmoil, with no clear mandate for himself or his Institutional Revolutionary Party (PRI) and a bigger and more vocal opposition in Congress than ever before. Having won what the opposition charges was a fraud-laden election, with a bare majority of 50.7 percent--the worst showing ever for a PRI candidate (who always wins)--Salinas enters office with a less than impressive political mandate...
...Salinas has yet to show any such independence in his Cabinet appointments. He was putting young, foreign-educated technocrats in top economic positions, while maintaining the intransigent old guard of PRI leaders, who will resist any attempts to weaken the party's hold over the state in key political positions...
...commitment by the U.S. and other governments, along with bankers and multilateral organizations, to extend the repayment periods of the existing loans, so that Mexicans are not forced to postpone badly-needed services and internal investment to pay off the debt and to keep the U.S. dollar down. Foreign governments must also resist pressure for protectionist legislation which would cripple the export possibilities of Mexico and the other debtor nations in Latin America...