As the EU periphery has shown, cutting wages – as bad as that is – does not necessarily translate into the creation of new jobs. But then, who would win?
The government blames the nationwide protests on groups seeking to “destabilize the country” and undermine the “reform agenda.” But in this militarized, corrupt society, the risk of escalation of violence is immense.
President Enrique Peña Nieto can no longer keep up the pretense that things are on the up – not since the disappearance of 43 trainee teachers from Iguala.
