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July 3rd, 2012
12:04 PM ET

Outer Circle: Enrique Pena Nieto captures Mexico's presidency

In Mexico, the party that ruled the country for more than 70 years returns to power. Enrique Pena Nieto of the institutional revolutionary party captured Mexico's presidency.

Miguel Marquez is in Mexico City and we asked him what we know about Mexico's newly elected president?

Is Pena Nieto good news for Mexico?

They're baaaaack. With apologies to Mark Twain, it seems that rumors of the death of Mexico's Institutional Revolutionary Party were greatly exaggerated.

In fact, I probably wrote that obituary myself, more than once. That's how it looked in 2000, when the Institutional Revolutionary Party, known as PRI, lost the presidency to Vicente Fox of the National Action Party, or PAN. It seemed even more certain in 2006, when the PRI came in a distant third in the presidential election among the three major parties, behind both the conservative PAN and the leftist Democratic Revolutionary Party, known as PRD. It seemed that the PRI, which controlled the presidency for 71 years and became synonymous with violence and corruption, was on the road to extinction.

But the party has made a comeback. As expected, the top vote getter in Mexico's presidential election on Sunday was PRI candidate Enrique Peña Nieto. The 45-year-old former governor of Mexico's most populous state, the one with the matinee idol good looks and the movie star wife, got about 38% of the vote. PRD candidate Andres Manuel Lopez Obrador came in second with about 32%. The PAN's Josefina Vazquez Mota got just 25%.

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