(Bloomberg) -- A week after taking office in
December, President Felipe Calderon called three cabinet
ministers and several advisers to Los Pinos, his official
residence, for an urgent meeting. Under his predecessor, Vicente
Fox, a plan to rein in out-of-control spending on pensions for
civil servants had languished for five years. Calderon was
coming off a neck-and-neck election in which his main rival,
Andres Manuel Lopez Obrador, had sought to overturn the result
by staging mass street protests.
Looking for a quick victory to build confidence, Calderon
told his aides he wanted to pass a pension bill within the next
four months, according to two officials who participated in the
meeting.
Read more at Bloomberg Exclusive News
December, President Felipe Calderon called three cabinet
ministers and several advisers to Los Pinos, his official
residence, for an urgent meeting. Under his predecessor, Vicente
Fox, a plan to rein in out-of-control spending on pensions for
civil servants had languished for five years. Calderon was
coming off a neck-and-neck election in which his main rival,
Andres Manuel Lopez Obrador, had sought to overturn the result
by staging mass street protests.
Looking for a quick victory to build confidence, Calderon
told his aides he wanted to pass a pension bill within the next
four months, according to two officials who participated in the
meeting.
Read more at Bloomberg Exclusive News
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