Sunday, July 1, 2012

The PRI will return to the Presidency of Mexico.


Mica Rosenberg and Ioan Grillo
Reuters
10:12 p.m. CDT, July 1, 2012


MEXICO CITY (Reuters) - Mexico's old rulers claimed victory in a presidential election on Sunday after exit polls showed their candidate Enrique Pena Nieto primed to restore to power the party that dominated the country most of the 20th century.

Pena Nieto, 45, of the Institutional Revolutionary Party (PRI), led by between 5 and 11 percentage points in exit polls published by three of Mexico's main television networks.

Shortly afterward his campaign manager, Luis Videgaray, declared victory.

"It is a resounding triumph," Videgaray told Milenio television, adding that he was hopeful the PRI would have a majority in the Senate and possibly in the lower house of Congress, too.

The PRI, which governed Mexico for 71 years until losing power in 2000, has staged a comeback behind the telegenic Pena Nieto, who is promising to open state-owned oil monopoly Pemex to foreign investors, raise tax revenue and liberalize the labor market.

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