Tuesday, December 17, 2013

WP says Mexico is ready for takeoff

Tuesday, 17 December 2013 00:10 
THE NEWS
thenews.com.mx


The Washington Post published a Monday editorial praising the accomplishments of the Pact for Mexico, contrasting it with the partisan gridlock seen in the United States, where it said the approval of a routine budget feels like a major accomplishment.

In contrast to the U.S. Congress, the editorial said, Mexico’s Congress has passed a series of reforms addressing education, taxation, banking, telecommunications and the energy sector, though it said any positive effects of these reforms will likely not be felt for some time.

The editorial singled out the approval of the energy reform, saying that such a measure would have been unthinkable just 20 years ago — when it said Mexico was a democracy in name only — and has positioned Mexico as a model of how a functional democracy can contribute to the development of a country.

While the Washington Post said that some of the legislation passed under the Pact for Mexico has been watered down in Congress, it said that the energy reform has become more ambitious in scope thanks to pressure from the opposition National Action Party (PAN) and what it said was the left’s counter-productive strategy of outright opposition to the reform instead of bargaining for concessions.

“(President Enrique) Peña Nieto and his coalition can savor a historic breakthrough that positions Mexico to restore its place as a major oil producer, attract billions in investment and modernize its economy,” the editorial said. “As Venezuela’s economy implodes and Brazil’s growth stalls, Mexico is becoming the Latin oil producer to watch.”


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