Oil And Violence To Define 2012 Election

BMI View: As Mexico's July 2012 presidential election approaches, oil liberalisation and drug cartel violence have emerged as the two key issues of contention between the main political parties. We especially highlight the main opposition Partido Revolucionario Institucional (PRI)'s aggressive stance in favour of petroleum sector liberalisation as highly supportive of growth, while the Partido de la Revolución Democrática (PRD)'s unwillingness to liberalise the industry would likely contribute to continued weakness in the country's fiscal and current accounts.

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