Mexican opposition party re-elects leader in boost for reforms

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Gustavo Madero holds up a GoPro during the presentation of the fiscal reform at Los Pinos presidential residence in Mexico CityBy Dave Graham MEXICO CITY (Reuters) – The leader of Mexico’s biggest opposition party comfortably won re-election on Sunday, boosting President Enrique Pena Nieto’s efforts to enact measures to open up the oil industry and increase competition in the telecoms sector. The center-right National Action Party (PAN), has been badly divided by an internal power struggle centering on how far the party should cooperate with Pena Nieto’s Institutional Revolutionary Party (PRI), which lacks a majority in Congress. In the election, PAN leader Gustavo Madero, who has worked with Pena Nieto to pass reforms, defeated his younger rival Ernesto Cordero, a former finance minister keen to push the party in a direction more critical of the government. USA, LLC