Analysis: Mexico ruling party seeks new direction after election debacle

The socially conservative PAN party will be redeveloping its party strategy as it defines its relationship with the other parties.

Reuters: Mexico's conservative National Action Party made history when it swept to power in 2000, ending 71 years of one-party rule. But it now faces an identity crisis after a punishing presidential election defeat.

Josefina Vazquez Mota, the PAN's candidate, came in a distant third with just 25.4 percent of the vote on July 1, and the party will have far fewer seats in Congress.

The Institutional Revolutionary Party, or PRI, which ruled for most of the 20th century and was ousted 12 years ago, was the beneficiary the PAN's collapse and bounced back to power. Read more.