Mar 30, 2012

Opinion: Mexico presidential campaign: Off to a good start

Christian Science Monitor. As Mexico starts the official campaign for a July 1 presidential election, a big political taboo has been broken – one of many signs that Mexicans are defying old stereotypes, from gender to economics.

The two presidential frontrunners, Enrique Peña Nieto and Josefina Vázquez Mota, have both endorsed major reform of Pemex, the state oil monopoly long held dear as an icon of national pride. It’s also Latin America’s largest corporation.

Pemex’s production has fallen by a quarter since 2004. Mismanaged as a cash cow for government coffers, it lacks the expertise to tap the huge reserves in the deep waters of the Gulf of Mexico. The two candidates want to open up the petroleum giant to private, perhaps even foreign, investment. Read more.

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