In Mexico vote, Conservatives Lose

People cast their votes in Mexico City July 1, 2012. Mexicans began voting for a new president on Sunday with the opposition party that dominated the country for most of the past century poised for a comeback after the ruling conservatives failed to provide strong growth or halt a brutal drugs war. REUTERS-Ginnette Riquelme

Mexico’s old rulers were on track for a comeback as voters chose a new president on Sunday, after a grisly war with drug cartels and a sluggish economy wore down the ruling conservatives.

Twelve years after the Institutional Revolutionary Party (PRI) lost power, opinion polls showed its candidate, Enrique Pena Nieto, heading into the vote with a double-digit lead over his opponents.

A youthful-looking former governor of the State of Mexico, Pena Nieto promises reforms to improve the country’s tax take, loosen the job market and open the state-owned oil firm Pemex to more foreign investment, citing Brazil’s Petrobras as a model.

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