Mexico's PRI gains election victory

The party that ruled Mexico as a one-party dictatorship for 70 years has been returned to power after a 12 year absence. The Institutional Revolutionary Party's presidential candidate, Enrique Pena Nieto, won a plurality of the vote and will serve a six year term as Mexico's next president. Reuters: Mexico's old rulers have regained power following 12 years in opposition but likely will have to forge alliances with other parties to push through reforms after winning the presidency by a much narrower margin than polls had forecast. Although Lopez Obrador said on Sunday night it was too early to concede defeat, a senior electoral official said the PRI candidate's lead was "irreversible" and outgoing President Felipe Calderon congratulated Pena Nieto on his triumph. Enrique Pena Nieto of the Institutional Revolutionary Party, or PRI, declared himself the winner of Sunday's presidential election after a quick count by Mexico's electoral authorities gave him a clear...(Read Full Post)