MEXICO'S FISCAL CRISIS NEEDS ATTENTION NOW.(MAIN)

Byline: SEBASTIAN EDWARDS

A sense of great pessimism has fallen over Mexico. In the face of renewed financial turmoil and severe contagion from Russia, people are asking whether stability, sustained growth and prosperity will ever be achieved. With a rapidly depreciating peso and obscenely high interest rates, the future looks bleak and hopeless. Suddenly, the guarded optimism of a few months ago has given way to sorrow and frustration.

Tired of what seems to be a never-ending story of economic instability, Mexicans are increasingly willing to contemplate solutions that not long ago would have been considered extreme and politically unfeasible. Two lines of thought on how to address the current …