Word: zedillo
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Dates: during 1990-1999
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Mexican President Ernesto Zedillo, after just a month in office struggling to retain credibility as his nation's finances appear in disarray, today fired his treasury secretary and adopted an international bailout package which hopes to stabilize the peso. Treasury Secretary Jaime Serra Puche will be replaced by another U.S. trained economist, Guillermo Ortiz Martinez. The new package is designed to limit wage and price hikes and will also include unspecified financing from industrialized nations including the U.S. and Canada. Meanwhile, the value of the peso increased today, a second straight day of improving prospects for the nation's currency...
Newly-innaugurated President Ernesto Zedillo is wasting no time going after corruption in Mexico's court system and other corners of the government in the wake of two political assassinations and widespread drug wars. Five days after taking office, the former economist today announced judicial reforms to strengthen the powers of the legislature and weaken the power of the presidency. Among the details: a request that Mexico's Congress reshape the nation's Supreme Court, overhaul corrupt police forces, ensure aggressive prosecutions, and guarantee free legal services for the poor. Zedillo made clear that justice isn't the only motive...
P.R.I. officials were outraged last week not so much by Ruiz Massieu's message as by the grandstand manner in which he delivered it. His move has served to push the issue into the lap of the incoming President, Ernesto Zedillo Ponce de Leon, who will be inaugurated this week. Although a political cartoon last week depicted Zedillo nervously kicking away a ticking time bomb, it is almost certain that he will have to respond to the accusations against leaders of his party, many of whom were once expected to get top jobs when he took office. Like...
...American Free Trade Agreement. The 42-year-old, U.S.-educated economist -- speaking before 1,500 Mexican officials as well as foreign leaders as diverse as Vice President Al Gore and Cuba's Fidel Castro --pledged help for the southern Chiapas state, where economic conditions spurred the Indian unrest. And Zedillo vowed to use NAFTA "to help generate the jobs we need and raise living standards...
...Institutional Revolutionary Party (P.R.I.), led by economist Ernesto Zedillo, won the presidency of Mexico and an overwhelming legislative majority as well. With voter turnout at an impressive 77%, the election was generally regarded as clean, despite accusations of fraud from diehard rebels in the southern state of Chiapas...