Word: madrid
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...Friday, De la Madrid telephoned Reagan to discuss the growing tension between the two countries. According to the Mexican President's office, the men enjoyed "a very cordial and friendly" talk that lasted several minutes. They agreed that the Attorneys General of both countries should meet soon to discuss a joint strategy to combat drug traffic across the border. De la Madrid also reportedly expressed his concern over the possibility of a U.S. travel advisory...
...Mexico fracas could hardly have come at a worse time for the Mexican government, which already has a surfeit of problems. Burdened by a $96 billion foreign debt, the second largest in the Third World, after Brazil's, the De la Madrid government has just launched a third year of painful austerity measures. The International Monetary Fund is threatening to withhold $1.2 billion in credits from Mexico unless the country sets economic performance targets that are more to the IMF's liking. That possibility in turn could delay a complicated $48.5 billion refinancing of Mexico's debt by private, mainly...
...upward surge of the superdollar was news around the globe. THE DOLLAR IS DEFYING ALL LAWS OF GRAVITY exclaimed Madrid's financial daily Cinco Dias. Newspapers across France's wide political spectrum were equally excited. Read the front page of Paris' conservative Le Figaro: OVER 10 FRANCS, THE DOLLAR HAS GONE THROUGH THE CEILING. One edition of the Socialist tabloid Le Matin included a replica of a $1 bill. By buying a copy for the newsstand price of 4 francs, the newspaper proclaimed, readers could get a "dollar" at a 60% discount...
...rumor had swirled through Madrid well before Prime Minister Felipe Gonzalez confirmed it late last week: two U.S. officials were expelled from Spain earlier this month for "activities incompatible with their diplomatic status." According to diplomats in the Spanish capital, Denis MacMahan, a political officer in the U.S. embassy, and John Massey, an official at the air base in nearby Torrejon, were discovered taking photographs of the radio antennas atop Moncloa Palace, the Prime Minister's office and home...
Such pictures, according to electronics experts, could divulge the frequencies used for top-secret communications. The episode, which may hurt Gonzalez's efforts to keep Spain in NATO, marked the first formal expulsion of American officials from Madrid since his country and the U.S. became allies...