The Mexican government's recent drastic 31% devaluation of the peso (TIME, April 26) caught the country by surprise, but the country's reactionin soaring prices and roaring protestshas given the Mexican government almost as big a shock. Last week, in his first direct appeal to the people, President Adolfo Ruiz Cortines spoke over radio and TV in an effort to dispel a mood of confusion and despair.
After a short, stern sermon on work as Mexico's only salvation. Ruiz Cortines proclaimed a 30-point program of action for dealing with the economic consequences of...
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