The Mexico Institute’s “Weekly News Summary,” released every Friday afternoon summarizes the week’s most prominent Mexico headlines published in the English-language press, as well as the most engaging opinion pieces by Mexican columnists.
What the English-language press had to say…
On Monday, President Enrique Peña Nieto furthered his legislative agenda by unveiling plans to reform Mexico’s telecommunications and television sectors. The reforms, he introduced, “represent challenges for the businesses of this sector, but they also open new opportunities.” Televisa, led by Emilio Azcárraga, and América Móvil, owned by Carlos Slim, the world’s richest man, both issued statements welcoming the proposals. Reuters reported that while the reforms may significantly reduce both companies’ revenue, they may also represent an opportunity for Slim and Azcárraga “to make inroads into each other’s territory.”
The Financial Times was impressed with Peña Nieto’s boldness, pointing out that in his first 100 days as president, “he has taken on the rich and powerful in ways that seemed impossible less than a year ago.” The Economist, meanwhile, warned that if Peña Nieto’s reforms succeed, opposition parties may have a hard time gaining voters’ support in the 2018 presidential elections. Analysts highlighted the growing importance of the Pacto por México in advancing Peña Nieto’s legislative agenda, and anticipated tax and energy reforms are next on the list.