Politics is rough and all is well
Despite dire predictions that challenging the legitimacy of the Peña Nieto electoral advantage in the First of July balloting would create chaos in the country…
Alberto Espinoza, president of the Employers’ Confederation of the Mexican Republic (Coparmex) — the national Chamber of Commerce — said that despite the challenges submitted to the presidential election, there is no evidence that this legal battle is generating political or social instability, and macroeconomic indicators are progressing smoothly.
Interviewed at the close of the 27th annual Federal District COPARMEX Assembly, Espinoza said, “There has been no change in public life … we have socia social and political stability and do not see any risk, or threat, or possibility of instability being generated in this country.”
(Jornada, my translation)
The business establishment isn’t worried about the prospects of annulling the elections. I don’t see why they should be. It’s not that the elections can’t be, or won’t be annulled, but that not going through with the process might be more destabilizing that playing by the rules.
BTW, despite all the hoo-haw about Mexico collapsing or being a failed state or on the verge of whatever disaster we’re supposed to be on the verge of this month:
Mexico’s gross domestic product (GDP) grew at an annual rate of 4 percent in the second quarter, the Mexican government said in a preliminary estimate.
Inflation came in at an annualized rate of 4.34 percent in June, representing an increase of 0.61 percent with respect to the 3.73 percent rate registered at the end of the previous quarter, the Finance and Public Credit Secretariat said in a report.
“During the second quarter of 2012, the Mexican economy continued in the expansion process, according to the results of the principal macroeconomic indicators. The growth rate moderated slightly, but it remained positive and elevated,” the secretariat said.