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1.Market Observations, 8.Was Sticky

3 July 2018 (AFR) – Mexico gives leftist Lopez Obrador broad mandate to upend establishment

(3 July 2018, AFR, p11, by Maria Verza and Andrea Rodriguez)

‘Angry and frustrated over corruption and violence, Mexican voters delivered a tidal wave presidential election victory to leftist Andres Manuel Lopez Obrador, giving him a broad mandate to upend the political establishment and govern for the poor.’ <snipped…>

‘Lopez Obrador, who campaigned on vows to transform Mexico and oust the “mafia of power” ruling the country, rode widespread voter anger and discontent with the governing Institutional Revolution Party, or PRI, of President Enrique Peña Nieto and had led opinion polls since the beginning of the campaign. The PRI, which dominated Mexican politics for nearly the entire 20th century and recaptured the presidency in 2012, was set to suffer heavy losses not just for the presidency but in other races as well.’

Read more at AFR.com (might need AFR login access, or try: AFR.com /trial)

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