Carlos Salinas de Gortari

Carlos Salinas de Gortari born the April 3rd 1948 with Mexico City is a Mexican politician .

Biography

He was president of Mexico of 1988 with 1994 with a programme of privatization of industries of the public sector and signed ALENA. Its election remains suspect because the computing system broke down during compilation of the results then the congress, with the majority of the opposition, decided not to make of investigation.

It left the presidency with an immense international prestige, making countryside to become the head of the World Trade organization, but less than one month later the new president Ernesto Zedillo Ponce of León which had been its Minister for the budget and later of education) devaluated the Mexican Peso from approximately 200% (Peso losing the two-thirds of its value compared to the Dollar), This decision, qualified then d'" error of décembre" , the country in a major economic crisis plunged.

  • " the error of December "

Key event in the Mexican recent history, it refers to this devaluation whose blame is placed on the outgoing Salinas administration. Although the experts agree to say that this devaluation was necessary, it is the method employed which was at the origin of this expression. A few days after a meeting deprived with the principal owners of the country where his administration their required their opinion on a slip of parity, Zedillo announced that its government was going to cease supporting the currency. The latter plunged from 3 pesos for a dollar of the the United States of America to 10 (going up to 30 in certain areas). The persons in charge of the companies whose debts were made out in dollars were desperate, declared bankruptcy and even committed suicide.

It was exiled in Ireland where it remaria and wrote a book. His/her Raúl brother was put in prison marked to have organized the assassination of a member of his own party Luis Donaldo Colosio like various frauds and abuse of power.

Electoral mandates

Governmental functions

External bonds

  1. '' El barzon '', a file without concession on the policy of Carlos Salinas de Gortari.

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