Democracy Wins In Mexico’s Elections

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Mexican realtors, RE/MAX Investment Properties, said that democracy and the rule of law were the true winners in this month's elections in Mexico.

In a triumph of electoral logistics, almost 80 million people were registered to vote across the country.

The Riviera Maya based realtors said the polls were to elect 500 regional Diputados - or Deputies - to the lower house as well as six state governors and hundreds of mayors.

President Felipe Calderón’s PAN party lost the majority in the lower house to the opposition PRI party.

The New York Times said, “Although Mr. Calderón is personally popular, his economic policies are not. Mexico has been buffeted especially hard by the global economic crisis.”

Other commentators pointed out that ruling parties rarely win votes during economic recessions in any country.

Despite his losses, Calderón said Mexico’s democratic institutions had shown “solidity and strength” and that he had the “best disposition and will” to talk and work together with the new government.

Opinions are divided on whether Mr Calderón could lose the next presidential election in 2012, but the true winner here is democracy.

RE/MAX Investment Properties said that with the strength of its political institutions, Mexico has demonstrated once again why it is offers the safest emerging market opportunities for investment real estate.