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...Haig concluded discussions a week ago with Mexican Foreign Minister Jorge Castañeda, the prospect for negotiations between Washington and the left-wing Sandinista regime in Nicaragua seemed better than ever. Mexican President José López Portillo recommended such talks as a way to reduce the tensions arising out of the U.S. contention that Nicaragua is directing the subversion of El Salvador. "A process of negotiating may be starting," predicted Castaneda. Haig, who had earlier reacted coolly to the plan because it did not deal with arms shipments to rebels in El Salvador, said that "these differences...
With sudden and bruising harshness, Mexico's five-year economic joyride on the crest of rising worldwide petroleum prices has come to an end. Instead of enjoying swelling financial reserves and broadening prosperity for Mexico's 72 million citizens, the government of President José López Portillo finds itself confronting a witch's brew of staggering unemployment, rising inflation and pyramiding foreign debts...
...high-risk maneuver to boost exports and slow the drain on the country's financial reserves, López Portillo's finance secretary, David Ibarra Muñoz, last month orchestrated a 40% devaluation of the Mexican peso. Unfortunately, the action has done little yet to ease any of the economy's underlying woes. Last week Muňoz resigned, to be replaced by Jesus Silva Herzog, a Yale-educated economist and close friend of Miguel de la Madrid Hurtado, López Portillo's hand-picked presidential successor when nationwide elections are held in July...
President José López Portillo of Mexico feels that tension in the region could be reduced through direct discussions between Washington and Havana. Said he last week: "I am absolutely certain that Cuba is willing to negotiate all the questions worrying the security of the U.S." Haig and Cuban Vice President Carlos Rafael Rodriguez met secretly last November in Mexico City, and Haig indicated in his Senate testimony last week that there have been other secret discussions. Said the Secretary: "I can assure you the President has never rejected the concept of exploring every conceivable means possible. Discussions...
...summit ended, the participants tried to put the best face on its ambiguous outcome. "Our purpose was to renew the dialogue between the North and the South," said López Portillo. "This was done." Added Algeria's Ambassador to the U.N. Mohammed Bedjaoui: "We leave Cancún with great enthusiasm." Yet the results hardly rate those reviews, for the summit failed to reach an agreement on the two most important issues: global negotiations and a World Bank energy affiliate...