Luis Echeverria became president of Mexico in 1970. These were troubled times for the country. By the end of his term in 1976 every economic variable was running off the rails. Huge inflation, current account, trade and big budget deficits.
To keep the economy alive numerous steps were taken to kick the can down the road through the next election.
The most dangerous efforts that Mexico took were in its debt profile. The public and private sector was borrowing in dollars. The worst part
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