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Mexico commemorates two milestones

November 15, 2010 - MEXICO

In 2010 Mexico celebrates the bicentenary of the start of its independence movement from Spain in September and the centenary of the start of the Mexican Revolution in November. The entire country celebrates on 16 Sep, and a re-enactment of the call for an uprising is likely to takes place in city halls throughout the country. The country's turnaround from a 6.5 per cent contraction of the economy in 2009 to expected growth in 2010 of 4-5 per cent gives Mexicans something else to celebrate.

In 2010 Mexico celebrates the bicentenary of the start of its independence movement from Spain in September and the centenary of the start of the Mexican Revolution in November. ;The entire country celebrates on 16 Sep, and a re-enactment of the call for an uprising is likely to takes place in city halls throughout the country. The country's turnaround from a 6.5 per cent contraction of the economy in 2009 to expected growth in 2010 of 4-5 per cent gives Mexicans something else to celebrate. The Wall Street Journal, which reported Mexico's economic turnaround in August, said it has been fueled by exports of manufactured goods to United States factories and retailers. The Mexican Revolution, which began on Nov 20 in 1910 and ended in 1920, is celebrated on the third Monday of that month. It gave rise in 1920 to the Institutional Revolutionary Party (PRI). The party's position was hegemonic, with opposition parties posing little or no threat until Vicente Fox of the the National Action Party (PAN) ended 71 years of uninterrupted PRI rule in the 2000 presidential election. While the PRI has glorified the Mexican Revolution, its main opposition scorns it. Ministers of culture of the Ibero-American group met in 2007 to form the Bicentennial Group. Made up by Argentina, Bolivia, Colombia, Ecuador, Mexico, Venezuela and Chile--nations that began their emancipation process from the Spanish crown between 1809 and 1811--it aims to coordinate independence activities across the continent. Bolivia and Ecuador celebrate their bicentennials in 2009, followed by Argentina, Chile, and Mexico in 2010, and with Venezuela and Paraguay in 2011. Colombia has decided to commemorate its anniversary in 2019. Guatemala and Peru follow in 2021. (LAST UPDATED Aug 2010)

Mexico Q1 industrial output likely down 12 pct-Ortiz (Reuters 18 May 2009)

Grupo Bicentenario

Mexico stocks rise (WSJ 16 Aug 2010)

Date written/update: 2010-11-15