Word: madrid
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...hardly the fiesta that Mexicans have come to expect when a new President takes office. Indeed, by past standards, last week's inauguration of Miguel de la Madrid Hurtado, 47, as Mexico's 21st President since the 1910 revolution was a distinctly low-budget affair. Gone were the sleek limousines that had carried dignitaries to past ceremonies, the flower petals carpeting the streets and the thousands of peasant farmers bused into the capital at public expense. Instead the guests pulled up in ordinary black sedans, the streets were strewn with confetti rather than flowers, and masses of campesinos...
...show that he would waste no time tackling the country's problems, De la Madrid began to announce new government appointments the day before the inauguration. For the key post of Finance Secretary, he chose Jesus Silva-Herzog, a Yale-educated economist who negotiated a $3.8 billion credit for Mexico this fall from the International Monetary Fund. De la Madrid also reappointed Miguel Mancera Aguayo as director of the Bank of Mexico. Mancera Aguayo had resigned from the post last September after Lopez Portillo imposed strict regulations on currency exchange. Both men are thought to advocate stringent measures...
...American leaders, including Secretary Shultz. We don't have to prove first that we are good boys, and only then will you be kind enough to talk about normalizing relations. You demand from us that we yield at the Geneva arms talks, at Madrid, over human rights, Afghanistan and Poland. We could make a similar menu of demands to the U.S. as a precondition...
Juan Marichal, Smith Professor of the French and Spanish Languages and Literature, says de la Madrid's academic background here may inspire confidence among Mexico's bankers and private industrialists. They look with "great hope" on the new administration he adds
...James E. Austin, professor of Business Administration and a Mexican specialized says that while de la Madrid must still improve his image among some skeptical countrymen, his technical abilities could prove critical in coming months in improving the nation's economy