Mexico’s international image is in shambles. Once lauded as a promised land by the international media and markets, Mexico has completely lost its mojo due to an improper administration, plagued by scandals. At the beginning of his administration, President Peña Nieto was widely described as Mexico’s savior.
Despite numerous soft power resources, Mexico's image is struggling under disappointing leadership.
TIME magazine's upcoming February 24 issue is drawing heavy criticism from Mexicans online. The cover is of Mexican President Enrique Pena Nieto, but at the center of the backlash is the title and the content of the story. The country's leader is heralded as "Saving Mexico" and that his reforms have "changed the narrative in his narco-stained nation".
An oil industry overhaul approved by Mexico's Congress portends massive changes for the country's iconic national oil industry – and potentially a boost for the economy. The bill, approved overnight, would promote foreign investment and allow private companies to explore and exploit petroleum deposits – tasks previously reserved for Petróleos Mexicanos, or Pemex, as the state oil agency is known. It must be ratified by state assemblies, approval that is expected.
Mexican President Enrique Pena Nieto has presided over an incredible year so far in Mexico, pushing through reforms of the telecom and educational sector. But this week, just days after Pena Nieto’s successful thyroid surgery, the president and his PRI party are set to introduce their biggest proposal yet — proposing sweeping changes to the nation’s oil laws that have for decades protected the bloated state oil monopoly Pemex and prevented foreign investment.