Political Risk Latin America Blog @PolRiskLatam

Mexican elections: face-off begins

Posted in News and Articles, Political Risk by politicalrisklatam on May 27, 2011

by Ron Buchanan for Financial Times – Beyond Brics, May 27, 2011.

The jargon of Mexican politics borrows considerably from that of cock-fighting. A key moment is the “destape”, when the roosters’ hoods are taken off, their identity is revealed and they come in fighting.

Now, within days, two heavyweight roosters are up and running, ready to fight, though not with each other.

The first destape was that of Agustín Carstens, the governor of the Mexican central bank. Carstens aims to be the champion of the emerging markets nations in the contest to succeed Dominique Strauss-Kahn as managing-director of the International Monetary Fund.

And on Thursday, Ernesto Cordero, the finance minister, announced that he wants to be the candidate of the ruling National Action Party for the presidential election in July of next year. Not that he had much option. That very morning, party grandees published a pronouncement in favour of his candidacy. (continue reading… )


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