Puerto Vallarta, Mexico - Professor Klaus Schwab, President and Founder of the World Economic Forum, presented the prestigious Hinojosa World Statesman Award to Mexican President Felipe Calderón this past week in Switzerland.

In his acceptance speech, Calderón said that "the current global economic crisis is in effect a ticking time bomb. That time bomb is influencing Europe, so we are working together to turn it off before it explodes." He also stated that the current economic crisis is "the worst crisis in living memory."

While particpating in the Swiss-held Forum, Calderón met with Nicolas Berggruen, President and CEO of The Nicolas Berggruen Institute, which is dedicated to researching new ideas for good governance in the world. They discussed common issues in preparation for a meeting to be held in Mexico City in May of this year, which will be attended by heads and former heads of state brought together by the Institute.

Calderón also held a meeting with the Prime Minister of Singapore, Lee Hsien Loon, during which both leaders expressed their interest in intensifying political contacts between Mexico and Singapore. They agreed to promote greater interaction between the governing bodies of the two nations and emphasized the ample opportunities to increase the volume of economic and trade exchanges between the two countries.

Translated By Banderas News Team