LATIN AMERICA ROUNDUP — Mexico’s PRI returns to power

The Institutional Revolutionary Party (PRI) again claimed victory in national elections this month in Mexico.

PRI candidate Ernesto Zedillo was estimated to have captured about 48% of the vote. He will succeed Carlos Salinas de Gortari as president for the next six years. The PRI has ruled Mexico for 65 years.

The leader of the third-place Party of the Democratic Revolution, Cuauhtemoc Cardenas, claimed electoral fraud.

Mexican stocks, bonds and the peso soared following announcement of the election results.

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