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REPORT: Mexicans hopeful after historic win for leftist president

Rita Khoury

Author: Rita Khoury

Breaking Headlines

02-07-2018 | 13:33

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REPORT: Mexicans hopeful after historic win for leftist president

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Residents of Mexico City sounded a hopeful note on Monday (July 02), the morning after an historic landslide victory for the presidency of Andres Manuel Lopez Obrador.

Mexicans gathered on streets and at newstands after the 64-year-old former Mexico City mayor won with the widest margin in a presidential election since the 1980s, according to an official quick count that showed him taking more than half the vote -- some 30 points ahead of his nearest rival.

Pledging to eradicate corruption and subdue drug cartels with a less confrontational approach, Lopez Obrador will carry high expectations into office, while his efforts to reduce inequality will be watched closely by nervous investors.

Lopez Obrador's nationalism, stubborn nature and put-downs of rivals have drawn comparisons to U.S. President Donald Trump.

His victory is a stinging rebuke to the PRI, which has governed Mexico for 77 of the past 89 years, and its conservative rival, the PAN, which ended one-party rule in Mexico by beating the PRI in 2000, but then lost power 12 years later.

He has been vague on policy details. Seeking to corral support from economic nationalists, leftist liberals and social conservatives, he has pledged to combat inequality, improve pay and welfare spending, and run a tight budget.

To watch the full report, please click on the video above.

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