WHEN campaigning for Mexico’s general election officially begins on March 30th, Andrés Manuel López Obrador, a left-wing populist, will be the clear front-runner for the presidency. His two main challengers are political moderates, but their rivalry is no less bitter for that. One is backed by the government. The other is feeling heat from the federal prosecutor. To many Mexicans, that smacks of political bias. It also increases the chances that Mr López Obrador will win the presidency—a prospect that terrifies markets and puts economic reforms in jeopardy.
On February 21st the office of the acting attorney-general, Alberto Elías Beltrán, confirmed that it was investigating a property deal involving Ricardo Anaya, the brainy presidential candidate of the centre-right National Action Party (PAN). This has shaken up a campaign in which the main issues are crime and corruption.
Few voters think that José Antonio Meade, the nominee of the ruling Institutional Revolutionary Party (PRI), is the best candidate to tackle these...Continue reading
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