March 1, 2006
Secret videos, Las Vegas gambling binges and plenty of mudslinging have been some of the zingers of this campaign season in Mexico. Now, the real test the July 2 presidential election is near.
Almost six years ago, Mexico wildly cheered Vicente Fox's ascent to the presidency. Fox's win broke the Institutional Revolutionary Party's (PRI) 71-year grip on power and put democracy in motion. As the next presidential race draws to a close this year (Fox is constitutionally barred from reelection), the outcome is too close to call. Many expect a photo finish ending between candidates who are poles apart.
Much is at play. Labor, judicial and other reforms are needed to spark economic
With presidential elections approaching, investors are comforted by Mexico's independent central bank and other checks on power that have helped stabilize the economy since the Tequila Crisis.