Mexico President Pena Nieto in Crisis Is Losing Support of Big Business Katherine Corcoran and E. Eduardo Castillo - The Associated Press
go to original February 26, 2015

A protestor carries a hanging mask of Mexican President Enrique Pena Nieto marked with the Spanish word for "Assassin," during a march in Mexico City. (The Associated Press)

The full-page ad in Mexico's national newspapers was unusual, if not unprecedented: 20 powerful business groups and think tanks publicly scolding the government for not doing its job.

They demanded "conditions necessary to do their work ... in total security, in all of the country." The ad, published last month, called on President Enrique Pena Nieto to "honor your oath to observe and enforce the constitution."

The public criticism by Mexico's business community underlines the eroding support for Pena Nieto's administration as he enters the third year of a six-year term. Business leaders are angry over reforms that have increased the tax burden without sparking economic growth, scandals over apparent favoritism and acts of lawlessness that are hurting commerce.

...The public rebuke "reflects for the most part the fatigue, the exhaustion from many searches for solutions on a regional level, many promises on the regional and federal level that they would fix things. And, they haven't fixed things," said Luis Foncerrada, director general of the Center for Economic Studies for the Private Sector, the think tank for one of Mexico's most powerful business chambers, the Coordinated Business Council.

Read the rest at ABC News

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