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Investors stick with Mexico

Dan Grech Jul 31, 2006
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Investors stick with Mexico

Dan Grech Jul 31, 2006
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TEXT OF STORY

MARK AUSTIN THOMAS: The scene was a familiar one in Mexico City this weekend. Hundreds of thousands of protestors turned out to support leftist Presidential candidate Andres Manuel Lobez Obrador. He claims the election was stolen from him. Sunday’s rally was the third one this month. Despite the protests, there’s been no instability in Mexican markets. Marketplace’s Dan Grech has more from our Americas Desk at WLRN


DAN GRECH: Four weeks and counting after Mexico’s July 2 election and we still don’t have a clear winner, but foreign investors are keeping their cool.

Just last week, the country’s economy minister said that foreign investment will reach a record $20 billion this year.

Denise Dresser is a political analyst in Mexico City.

DENISE DRESSER:“I don’t see any economic debacle looming. The uncertainty has already been factored into the process by many Mexico observers.”

Lopez Obrador lost the election by less than 250,000 votes, though the tally has yet to be made official.

He wants a full recount.

But Dresser says investors think Lopez Obrador’s just tilting at windmills.

DRESSER:“I think markets are waiting to see how long Lopez Obrador will take to concede defeat.”

Lopez Obrador is threatening to orchestrate nonviolent civil disobedience if he isn’t heeded.

I’m Dan Grech for Marketplace.

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