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Andres Manuel Lopez Obrador was elected the first left-wing president of Mexico in recent times to publicly revolt against rampant crime, corruption and poverty and to defeat pro-business parties that have ruled the country for decades. .
The first figures announced by the electoral council gave Lopez Obrador 53% of the vote. Ricardo Anaya, leader of a right-left coalition, counted about 22% and Jose Antonio Meade, the candidate of the outgoing PRI party, had taken 16%
Andres Manuel Lopez Obrador on Zocalo square
Photographer : Cesar Rodriguez / Bloomberg
Long before these official results began to emerge, Lopez Obrador was ahead of Lopez Obrador in front of his two main opponents, and the congratulations of foreign leaders, including Donald Trump, had started pouring in. "I am very much looking forward to working with him," the US president said on Twitter.
In a televised speech later on Sunday, Lopez Obrador promised "profound changes" and said that while respecting all Mexicans, "we" will give preference to the poorest and the forgotten. "But he also to quell the market's concerns, promising to respect the autonomy of the central bank, avoid raising taxes in real terms and stay in the "legal channels." Enrique Pena Nieto
Then He climbed into a white SUV and headed for Mexico City's historic center, where a huge crowd of jubilant supporters was waiting for him. "We will fulfill all our promises," he told them. no. "
" In question "
Supporters react at a rally
Photographer: Cesar Rodriguez / Bloomberg
Defeated in the last two presidential votes, Lopez Obrador now has an unparalleled mandate by Mexican leaders s recent to take the country in a new direction. He promised to govern as a pragmatist and said that he will not nationalize the companies, or leave Nafta. Still, his procession to victory has alarmed many investors and business leaders
A QuickTake on the new president of Mexico
They fear that the privatization of the energy industry only be canceled and that social spending debt. Lopez Obrador says his program can be funded without spending expenses, with the money saved by eliminating corruption. Economists are skeptical. The specter of left-populist governments, from Brazil to Venezuela, who have directed their economies to the ground, hovers over Mexico's climate change. "It will be a new era," said Alonso Cervera, chief economist for Latin America. Swiss credit. "The continuity of the economic model is in question."
Not like Trump
The current model, supervised by technocrats trained in the United States and focused on tight budgets and foreign trade, has obtained ratings of investment credit for Mexico. It was less successful in generating a $ 1.2 trillion economy growth, or higher living standards for ordinary Mexicans. About half of the country's 125 million people live in poverty – and they are the base of Lopez Obrador.
Voters Vote in an Election
Photographer: Alejandro Cegarra / Bloomberg
His victory fits into a larger trend of Lopez Obrador, who defended his political rights as a activist defending the rights of indigenous peoples, has little in common with Trump or the right-wing populists who took power in Europe
Markets have had plenty of time to prepare for an AMLO victory. The peso has fallen since mid-April as its public opinion has widened. After early gains in night-time trading, it was down 0.6% to $ 20.03 per dollar at 1:05 am in Mexico City
One-Man Rule
Investors Can Return If the Morena Party Lopez Obrador wins both houses of Congress, something that is within reach according to some polls, although the final results are unclear for days. Majorities in the legislature would facilitate the advancement of a program involving the construction of new refineries and new railways, and the verification of energy contracts from Pena Nieto's mandate
Voters make the Tail
Photographer: Cesar Rodriguez / Bloomberg [19659005] Even before the election slump on Sunday night, one of Mexico's most prominent historians worried about the dominance of a single man . The presidency is already enormously powerful, and the personal charisma of Lopez Obrador will make it even stronger, said Enrique Krauze in an interview. "We could face a concentration of power in a person that we have not seen in Mexico because, I really, never, never think."
Only two parties led the country to the US. Modern era: PRI Pena Nieto and PAN of Anaya. Voters have resolutely turned their backs on both.
Murder Rate
During the election campaign, many voters said that physical security was their number one concern. A ten-year war against drug cartels has brought the murder rate to record levels (politicians have not been spared: more than 120 people were killed during the campaign.)
Corruption was also cited. The allies and family of Pena Nieto have been tainted by a series of scandals. He began his six-year term hailed as an economic reformer and a new face, and he ends with some of the lowest approval rates in the history of the presidency.
Pena Nieto will remain in office until December, because Mexico has a gap of five months between elections and inauguration. But already Sunday night, while the crowds thronged in the streets of Mexico City, we felt that the power changed
Things will change
The fans celebrate on Zocalo Square
Photographer: Alejandro Cegarra / Bloomberg [19659005] In Zocalo, a historic city center surrounded by Spanish-built palaces and cathedrals, Lopez Obrador's supporters crowded the streets, dancing in front of a group of mariachis waiting for the winner of the elections
Obrador plans to govern from. He says that he will move the presidential office of Los Pinos, the palatial precincts of an upscale neighborhood where Pena Nieto and his predecessors were based. The historic square is also where hundreds of thousands of Lopez Obrador supporters camped in the summer of 2006 to protest allegations of rigging after his first failed presidential attempt.
Angel Pachuca, who had tears in his eyes. "I had been waiting for this for 12 years," she said. "Our children are suffering, they have had such a hard life, now things will change."
– With the help of Andrea Navarro, Justin Villamil and Michelle Davis
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