Mexican opposition holds leadership vote that may impact reforms

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Nieto speaks during the third CARICOM-Mexico summit in MeridaMexico’s biggest opposition party on Sunday holds a leadership election whose outcome could shape how quickly President Enrique Pena Nieto can pass pending legislation to open up the oil industry and increase competition in telecoms. The center-right National Action Party (PAN), has been badly divided by a bitter internal power struggle, making it harder for the party to work with Pena Nieto’s Institutional Revolutionary Party (PRI), which has no majority in Congress. Pena Nieto has relied on PAN votes to help pass laws, including a reform in December to end Mexico’s 75-year-old oil and gas monopoly, as well as a major overhaul of the telecoms industry dominated by multi-billionaire Carlos Slim.