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To the rescue

Article Abstract:

Pres Clinton deserves credit for persistence in obtaining $50 billion in loan guarantees for Mexico despite Congressional interference, as inaction could have devastated Latin American development. Mexican Pres Ernesto Zedillo must now reform his government and economy to prevent a reoccurance.

Foreign Economic & Financial Assistance, Editorial, Political aspects, Zedillo, Ernesto

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How one big battle was won

Article Abstract:

Mexico's current situation is much less serious than the '81-82 crisis, which required a concerted international banking rollover of the debt and interest of 17 nations. Mexico's 1994 illiquidity was a monetary policy error, not a harbinger of insolvency.

Currency Stabilization Programs, Economic aspects, Monetary policy, External debts, Currency stabilization, Peso (Mexico)

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A new, big ally

Article Abstract:

Pres Clinton is acting correctly by encouraging the Cyrus Vance and Lord Owen peace plan in Bosnia. NATO ambassador Reginald Bartholomew was a good addition to the team. Clinton's policy is that all parties must agree to a settlement in Bosnia.

Appointments, resignations and dismissals, Biography, Bosnia and Herzegovina, Military aspects, Bosnia-Herzegovina, Bartholomew, Reginald

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