On May 7th Enrique Peña Nieto, Mexico’s president, showed off some of the fancy political footwork that days before had earned him the gushing endorsement of his first visiting head of state, Barack Obama. Flanked in the National Palace by leaders of Mexico’s three main political parties, he resurrected an ambitious reform programme that a scandal in his Institutional Revolutionary Party (PRI) had threatened to derail.
Notwithstanding finger-wagging by opposition leaders, Mr Peña persuaded them to restart a tri-party political pact that is the crown jewel of his five-month-old administration. On May 8th the pact was put into action when the government sent a package of bills to Congress to increase bank lending and competition. Next it hopes to liberalise the state-strangled oil industry and raise taxes broadly. Eventually, as Mr Obama succinctly put it, the aim is for Mexicans to make it through each day without paying a bribe.

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