From the MEXICO-POLITICAL UPDATE January 13, 1995
CHASE MANHATTAN'S EMERGING MARKETS GROUP MEMO
Riordan Roett
CHIAPAS
The uprising in the southern state of Chiapas is now one-year old and, apparently, no nearer to resolution. The leader, or spokesman, of the movement, sub-commandante Marcos, remains adamant in his demand that the incumbent PRI governor resign and be replaced by the PRD candidate who, Marcos argues, was deprived of victory by government fraud in the recent election. Marcos continues to lobby for widespread social and economic reform in the state. Incidents continue between the local police and military authorities and those sympathetic to the Zapatista movement, as the insurgency is called, and local peasant groups who are sympathetic to Marcos and his cronies.
While Zedillo is committed to a diplomatic and political solution th the stand-off in Chiapas, it is difficult to imagine that the current environment will yield a peaceful solution. Moreover, to the degree that the monetary crisis limits the resources available to the government for social and economic reforms, it may prove difficult to win popular support for the Zedillo administration's plans for Chiapas. More relevant, Marcos and his supporters may decide to embarrass the government with an increase in local violence and force the administration to cede to Zapatista demands and accept an embarrassing political defeat. The alternative is a military offensive to defeat the insurgency which would create an international outcry over the use of violence and the suppression of indigenous rights.
While Chiapas, in our opinion, does not pose a fundamental threat to Mexican political stability, it is perceived to be so by many in the investment community. The government will need to eliminate the Zapatistas to demonstrate their effective control of the national territory and of security policy. (Emphasis ours)

And Then Repression

January
Chase Manhattan Bank issues a report calling for the Mexican government to "eliminate the Zapatistas." At this point, dozens of communities have publicly defined themselves as Zapatistas, representing well over 50,000 civilians.

February
On February 9, the army mounts a massive invasion in Zapatista areas of influence, especially in the Canadas, implementing a strategy of low-intensity warfare (also known as civilian-targeted warfare), Among other things, the army displaces almost 20,000 campesinos and turns Aguascalientes, and turns it into an army base. The Zapatistas respond by constructing five new Aguascalientes (centers of indigenous resistance). During the next five years, over 60,000 troops occupy nearly every corner of the state, establishing army encampments just meters from most of the well-established Zapatista communities, and disrupting the lives, economy, and culture of indigenous communities.

April
Peace talks resume, with both sides agreeing to focus discussions in six areas.

August
The Zapatistas hold the first international consulta. Over a million people vote, calling on the EZLN to transform itself into a new independent political force.

October
Talks begin in San Andres Larrainzar on indigenous rights and culture.

Pictured, Government soldiers man a tank near Patihuitz, a Zapatista village and a regular post for Zapatista Commandante Marcos. In early February 1995, 60,000 Mexican government soldiers fanned into Chiapas in search of Marcos. Larry Towell/Magnum Photos

Zapatista Timeline by Tom Hansen and Enlace Civil