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Weekly Report - 03 November 2016 (WR-16-43)
MEXICO: Financial black hole in Veracruz
Political transitions can be difficult. The one coming up in the state of Veracruz on 1 December, when after 86 years of uninterrupted rule the Partido Revolucionario Institucional (PRI) hands over to an incoming governor representing an alliance between two opposition parties, the Partido Acción Nacional (PAN) and the Partido de la Revolución Democrática (PRD), is going to be fraught. After allegations of massive fraud and corruption, the state is nearly bankrupt and essential services may be under threat.
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