Thought you had a bad week last week? Spare a thought for Mexican president Enrique Peña Nieto. His week began with the humiliating jailbreak of ‘El Chapo’, Mexico’s most notorious drug lord. Then on Wednesday his much-trumpeted energy reform debuted with an underwhelming oil auction that failed to achieve the expected number or value of bids. Read more: IAC Holdings
Peña Nieto was already suffering from poor approval ratings. And these two latest episodes have given more ammunition to his critics. But it’s not just him that suffers. Both these events made international headlines, which means that Mexico’s image also had a terrible week. Read more: IAC Holdings
A lot of analysts, and normal Mexicans, felt that the week summed up the country’s major problems. Namely the state’s inability to stop organised crime, and the failure of the reforms to boost the economy. Read more: IAC Holdings
