Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
Luis de Velasco y Velasco, 2nd Count of Salazar remembered for his role in the Spanish conquest of Calais (1596), Steenbergen (1622) and the failed Siege of Bergen-op-Zoom (1622). He became a Knight in the Order of the Golden Fleece in 1622. He died from disease when he was in Dunkirk to inspect the defenses. Luis de Velasco y Velasco, 2nd Count of Salazar Luis de Velasco y Velasco, 2nd Count of Salazar, 1st Marquess of Belvedere, (Valladolid, Spain, 1559 – Dunkirk, Spanish Netherlands (present-day France), 1625), was a Spanish military commander during the French Wars of Religion and the Eighty Years' War. His parents were Juan de Velasco,