MEXICO: Heat of the moment

MEXICO: Heat of the moment

Mexico Economy & Policy Corporate & Sovereign Strategy

By Ben Miller Mexico is in for big change – or so say the optimists. Enrqiue Peña Nieto’s July 1 victory in the presidential polls will herald a new era, they say; his government will not resemble the Institutional Revolutionary Party (PRI) of old, but will instead consist of a competent bunch of technocrats who will hasten the passage of critical reforms to the judiciary, energy sector and fiscal system that have long eluded bickering and divisive legislators. US growth, say the hopers, will also rebound, pulling Mexico’s economy with it. And an IPO of Pemex will eventually follow, reversing the fortunes of the bloated state producer, and spurring others to join it in deeper capital mar

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