Which crisis did de la Madrid inherit from his predecessor?
Natural Disaster
Financial Crisis
Political Turmoil
Health Crisis
Answer
The financial crisis inherited by de la Madrid was characterized by unsustainable levels of foreign debt, high inflation rates, dwindling international reserves, and an overvalued currency. This challenging economic situation had its roots in the excessive borrowing and spending of the previous administration, coupled with external factors such as the global recession and the sudden increase in international interest rates.
Unraveling the Legacy: The Miguel de la Madrid Quiz
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