Mexican President Pena Nieto's Third State-of-the-Nation Beset By Doubts Yahoo News
go to original September 1, 2015

Mexican President Enrique Pena Nieto is expected to outline his plans for his country's future during this week's state of the union address in Mexico. (CCTV America)

Mexican President Enrique Pena Nieto sent his written state-of-the-nation report to Congress on Tuesday in an atmosphere of rising violence, a falling currency and a slowing economy.

The unenviable circumstances are far different from what he faced during his last report on Sept. 2, 2014, just after he had won passage of a series of energy, education and telecom reforms, a success he said would put Mexico on the path to greater growth.

At the time, Pena Nieto was delivering on his main pledge, which was to reduce Mexico's drug-war-era violence. But progress there seems to have stalled. Homicides in the first seven months of 2015 were running about 3 percent above figures for the same period last year.

Other numbers are depressing as well. The Mexican peso has fallen 29 percent against the U.S. dollar over the last year.

Read the rest at Yahoo News

Photo: AP/Rebecca Blackwell

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