Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Head of Mexico's ruling PRI steps down after electoral drubbing

Published 21/06/2016, 02:30
© Reuters. Mexico's president-elect Pena Nieto and congressman Beltrones attend a meeting with newly elected senators and lawmakers of the PRI in Mexico City

MEXICO CITY (Reuters) - The president of Mexico's ruling Institutional Revolutionary Party, or PRI, announced his resignation on Monday, two weeks after the party of President Enrique Pena Nieto suffered a humiliating defeat in regional elections.

Manlio Fabio Beltrones, a former governor and veteran federal lawmaker, announced his decision to step down after the PRI won only five of the dozen governors races up for grabs in the June 5 vote. It previously held nine of them.

The results were far worse for the centrist party than most polls had forecast.

The PRI's losses included two oil-rich strongholds in the Gulf of Mexico, Veracruz and neighbouring Tamaulipas, both of which have been plagued by gang violence for years, as well as Quintana Roo, home to Mexico's top tourist destination Cancun. All three states have been run by the PRI for over eight decades.

"It's time for a necessary pause," Beltrones told a news conference at the PRI's Mexico City headquarters.

"This is a responsible decision that opens space for an internal debate and allows our party to freely decide the best path forward," he said.

Beltrones, 63, is still seen as a possible presidential contender for the PRI in 2018. Pena Nieto is not allowed by law to seek a second six-year term.

© Reuters. Mexico's president-elect Pena Nieto and congressman Beltrones attend a meeting with newly elected senators and lawmakers of the PRI in Mexico City

In a poll published Monday by daily newspaper El Financiero, Beltrones was tied for second with 10 percent among PRI voters, trailing Interior Minister Miguel Angel Osorio Chong, who had 32 percent support.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.