Mexico president in crisis is losing support of big business

 

Business leaders are angered over reforms that have increased the tax burden without sparking economic growth; scandals over apparent favoritism; and acts of lawlessness that are hurting commerce. (AP Photo/Rebecca Blackwell)
Business leaders are angered over reforms that have increased the tax burden without sparking economic growth; scandals over apparent favoritism; and acts of lawlessness that are hurting commerce. (AP Photo/Rebecca Blackwell)

By Katherine Corcoran and E. Eduardo Castillo / Associated Press

The full-page ad in Mexico’s national newspapers was unusual, if not unprecedented: 20 powerful business groups and think tanks publicly scolding the government for not doing its job.

They demanded “conditions necessary to do their work … in total security, in all of the country.” The ad, published last month, urged government officials to “honor your oath to observe and enforce the constitution.”

The public criticism by Mexico’s business community underlines the eroding support for President Enrique Pena Nieto’s administration as he enters the third year of a six-year term.

Business leaders are angry over reforms that have increased the tax burden without sparking economic growth, scandals over apparent favoritism and acts of lawlessness that are hurting commerce.

http://abcnews.go.com/International/wireStory/mexico-president-crisis-losing-support-big-business-29235958

2 thoughts on “Mexico president in crisis is losing support of big business”

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