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Mexico under Fox is embroiled in a political fiasco with almost no legislative progress, constant in-fighting within the party, and petty squabbles with the opposition, creating a veritable Yellow Press heaven. Yet the economy has been surprisingly stable since Mexico’s recovery from the peso crisis really took hold in 1998. Over the last six years, the peso has slipped by an average of only 3.4% per year relative to the dollar, in spite of the 10.5% drop in 2003. This makes it relatively stable in comparison with the currencies of other developing countries.