Word: madrid
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Dates: during 1980-1989
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...dollar, a sharp signal of plummeting confidence in the country at home and abroad. Foreign banks have balked at extending new loans to keep the economy afloat. To make matters worse, with national elections 18 months away, the scramble to succeed President Miguel de la Madrid threatens to paralyze his government until a new President is chosen...
...surge of unrest among Mexican students may have tapped a swelling current of discontent throughout the population. The main target: the De la Madrid government, synonymous in the minds of most Mexicans with the Institutional Revolutionary Party (P.R.I.), which has ruled Mexico without interruption for 58 years. Party officials were said to be stunned by the size and force of the student movement. Says Political Analyst Adolfo Aguilar Zinser: "There's no way of knowing what will set the people off. The government can squeeze salaries, raise prices, cut services, cheat in elections, and nothing happens. Suddenly they...
...Madrid is no more likely to shut down belching smokestacks than he is to cut government spending. Barred by law from running again, he must announce the P.R.I. candidate sometime this year for the September 1988 presidential election. Open campaigning is frowned upon, but three men are touted as front runners: Energy Minister Alfredo del Mazo Gonzalez, a former governor of the state of Mexico; Interior Minister Manuel Bartlett Diaz; and Carlos Salinas de Gortari, the Minister of Budget and Planning. The P.R.I., traditionally uses lavish patronage and pork-barrel politics to ensure an impressive margin of victory...
Edward P. Seaga '52, prime minister of Jamaica and Benazir Bhutto '73, a top opposition leader in Pakistan, are graduates of the College. And Mexico's President Miguel de la Madrid-Hurtado and Greece's Prime Minister Andreas G. Papandreou earned masters at Harvard...
Three of the people working most closely on solving the Mexican debt crisis are Harvard graduates--President Madrid, Carlos Salinas de Gortari, Mexico's minister of budget and planning, and Elliott Abrams '69, United States assistant secretary of state for inter-American affairs...