Jul 2, 2012

Mexico's Pena Nieto to push for quick reforms

ReutersMexican President-elect Enrique Pena Nieto pledged on Monday to focus on energy, labor and tax reforms and said he hopes to strike deals with opponents to help shepherd changes through Congress before he takes office in December.

Pena Nieto won Sunday's election with about 38 percent of the vote, about 6 percentage points ahead of his nearest rival, returning the Institutional Revolutionary Party (PRI) to power after 12 years in opposition.

But the victory margin was smaller than expected and results suggested the PRI and its Green allies would struggle to win a majority, officials at the electoral authorities told Reuters.

That would leave Pena Nieto reliant on other parties to back his plans to reinvigorate Latin America's No. 2 economy.

Speaking to reporters in Mexico City, the 45 year old said he was ready to consult with outgoing President Felipe Calderon and bring in experts to make progress on the reforms and help ease them through Congress, which reconvenes in September. Read more.

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