page_title: Ernesto Zedillo
section_title: Presidency (1994–2000)
hierarchical_section_title: Ernesto Zedillo / Presidency (1994–2000)
caption_attribution_description: English: DAVOS-KLOSTERS/SWITZERLAND, 28JAN09 - Ernesto Zedillo Ponce de Leon, Director, Yale Center for the Study of Globalization, Yale University, USA; Member of the Foundation Board of the World Economic Forum; Chair, Global Agenda Council on the Global Trade Regime, captured during the session 'Update 2009: The Return of State Power' at the Annual Meeting 2009 of the World Economic Forum in Davos, Switzerland, January 28, 2009. Copyright by World Economic Forum swiss-image.ch/Photo by Christof Sonderegger
context_page_description: Ernesto Zedillo Ponce de León, is a Mexican economist and politician. He was President of Mexico from 1 December 1994 to 30 November 2000, as the last of the uninterrupted 71-year line of Mexican presidents from the Institutional Revolutionary Party.
  During his presidency, he faced the worst economic crisis in Mexico's history, which started only weeks after he took office. He distanced himself from his predecessor Carlos Salinas de Gortari, blaming his policies for the crisis, and oversaw the arrest of his brother Raúl Salinas de Gortari. His administration was also marked, among other things, by renewed clashes with the EZLN and the Popular Revolutionary Army; the controversial implementation of Fobaproa to rescue the national banking system; a political reform which allowed residents of the Federal District to elect their own mayor; and the Aguas Blancas and Acteal massacres perpetrated by State forces.
context_section_description: At age 43, Zedillo assumed the presidency on 1 December 1994 at the Legislative Palace of San Lázaro, taking oath before the Congress of the Union presided by the deputy president Carlota Vargas Garza. Zedillo's electoral victory was perceived as clean, but he came to office as an accidental candidate with no political base of his own and no experience. During the first part of his presidency, he took inconsistent policy positions and there were rumors that he would resign or that there would be a coup d'état against him, which caused turmoil in financial markets.
caption: Zedillo at the World Economic Forum 2009
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