Word: madrid
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...accept with emotion and responsibility the commitments that this mandate signifies. Mexico won, the revolution won. The P.R.I, won." With those words, Miguel de la Madrid Hurtado, 47, acknowledged what had long been a foregone conclusion. With three-quarters of the nation's polling booths reported, De la Madrid had received 14.3 million votes, some 74% of those cast, far outdistancing his six opponents in last week's presidential election...
...candidate of Mexico's Institutional Revolutionary Party (P.R.I..) and the choice of retiring President José López Portillo, De la Madrid had been certain to win. Reaction to the vote ranged from skepticism to cautious optimism. Said former President Miguel Alemán Valdés: "The country is at peace. There are problems naturally, but we have the confidence that they will be resolved by the next administration...
Until he formally assumes office on Dec. 1, De la Madrid is expected to keep a low profile as he prepares a plan to deal with Mexico's growing problems, including oil-boom inflation (currently running at an annual rate of 60%), widespread poverty and rampant corruption. Meanwhile, the President-elect is preparing to address another important subject in the fall, when, according to sources in Mexico, he will meet with President Ronald Reagan...
Despite nine months on the campaign trail, Miguel de la Madrid remains shy and unaccustomed to public speaking. Throughout an interview with TIME Mexico City Bureau Chief James Willwerth and Reporter Laura López, the President-elect nervously moved his feet and twiddled his thumbs. Nonetheless De la Madrid's answers were confident and direct. Excerpts...
...question is whether De la Madrid will be able to manage the party, and the country, during the necessary period of belt tightening. In Washington, some State Department experts are optimistic that he can succeed. Says one Government official, summing up business and banking reactions: "He's the perfect guy to confront the business and economic problems." Whether De la Madrid can restore confidence in Mexico's shaken presidency is another question. De la Madrid says only: "I know that my entry into the government will not be easy." He will have six years to find out just...