Mexico is facing its worse crisis in 20 years, as protests against violence and corruption threaten to derail Enrique Peña Nieto's presidency. Peña Nieto must confront the political elite that brought him to power, or risk a populist backlash that could destroy much of what Mexico has achieved over the last two decades.
MEXICO CITY – The last time Mexico experienced a political crisis more serious than the one it is undergoing today was in 1994, when a group of so-called Zapatista guerrillas staged a semi-armed uprising in the southern state of Chiapas. The president’s handpicked successor was assassinated, and, as if that was not enough, the value of the peso had plummeted by nearly 70%. Today’s crisis is not quite as bad, but it is getting close.
MEXICO CITY – The last time Mexico experienced a political crisis more serious than the one it is undergoing today was in 1994, when a group of so-called Zapatista guerrillas staged a semi-armed uprising in the southern state of Chiapas. The president’s handpicked successor was assassinated, and, as if that was not enough, the value of the peso had plummeted by nearly 70%. Today’s crisis is not quite as bad, but it is getting close.