Mexico & Nafta - October 2008 (ISSN 1741-444X)

Lurching into crisis?

September, known as el més histórico, because of the series of national commemorations that pepper it, has been ghastly for the government of President Felipe Calderón Hinojosa. The wanton terrorism at the traditional “Grito” in Morelia, Michoacán, in which two grenades, presumably thrown by gangsters, killed eight people, was compounded by a couple of gruesome massacres and a jail riot that left 21 dead. On top of this the financial crisis in the US threatens to cause more economic problems for Mexico in 2009.