Bill Clinton: “and an Exchange With Reporters October 10, 1995 Mexican Financial Recovery President Clinton. Let me say again how very…”

“and an Exchange With Reporters October 10, 1995 Mexican Financial Recovery President Clinton. Let me say again how very pleased I am to have President Zedillo here and to congratulate him on his strong, determined leadership during this period of economic difficulty for Mexico. Inflation is down, the peso is stable, the stock market is stabilized, and interest rates have been cut in half. I think Mexico has clearly turned the corner, thanks to his leadership. I also would point out that he has continued to implement the NAFTA agreement and to lower tariffs on American products during this difficult time, and he deserves a lot of credit for that. As a result of that, our exports to Mexico are now above where they were before NAFTA was passed, even though Mexico is going through this difficult time. So I have nothing but the highest compliments for the way Mexico has handled this difficult period, and I think it's due to the leadership of the President and his team who are here. And I am delighted to have this chance to visit with him. President Zedillo. I also want to congratulate you for the international leadership that you have shown regarding the Mexican situation. I think that your decisive, effective action avoided a major crisis in the international financial system and a much higher cost for many other countries, perhaps including your own country. You have proven to have a vision, courage, perseverance. And the Mexican people recognize you for that.…”