Word: hurtado
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Dates: during 1980-1989
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Mexican President Miguel de la Madrid Hurtado visited Brasilia last week to confer with his Brazilian counterpart, Joào Figueiredo. The two leaders had some blunt words for their creditors. Figueiredo complained of high interest rates that "threaten to perpetuate our foreign debt problems." De la Madrid said, with much justification, that Latin America could not boost exports enough to pay its debts if creditor countries erected "ever increasing protectionist measures" against imports from the developing nations. The day before De la Madrid spoke, the Reagan Administration announced a cutback in the number of products allowed to enter...
Perhaps Durazo thought no one would notice. Shortly after he was booted out of office in November 1982 by incoming President Miguel de la Madrid Hurtado, he made a declaration of goods, claiming to be worth $600,000. Alas, appraisers say the construction of a single security wall around one of his vast compounds would cost $250,000. An estimate of the civil servant's net worth: $12.5 million...
...sounds like gangland crime, Chicago-style. But according to accounts of a current union scandal, those are also the standard ingredients of the oil business, Mexican-style. The sordid revelations are the latest, and most titillating, evidence of the widespread corruption that flourished under President Miguel de la Madrid Hurtado's predecessor, José López Portillo. Last week Senator Ramón Martínez Martín, a former leader of the teachers' union, called for a complete investigation of the allegations of wrongdoing. If proved, he said, the charges against one of Mexico...
...foreign policy agenda by making a courtesy call on José López Portillo, who was then President. Reagan made a second trip south of the border to offer neighborly greetings to López Portillo's successor, Miguel de la Madrid Hurtado. But when the President traveled to Mexico for a return visit with De la Madrid last week, all of that good will was put to the test. The reason: profound disagreement between the U.S. and Mexico over how to handle the crisis in Central America...
...only last summer it tottered on the brink of national bankruptcy. Now, however, the country appears to be making some headway toward dealing with the debt, which is expected to cost $10.5 billion in interest payments this year alone. The new government of President Miguel de la Madrid Hurtado, which was inaugurated in December, has begun an austerity program aimed at slashing Mexico's huge budget deficit, halting unnecessary government spending programs and slowing its virulent, 116% inflation. If the world economic recovery continues, Mexico may be able to step back from the brink. Says Finance Secretary...