The recent assassination of Rodolfo Torre has proven once a lot more the northeast Mexican state of Tamaulipas is not only a flash point in Mexico’s drug war, but of great concern in the ongoing battle for U.S. border security. It was reported by Reuters that Torre – an opposition candidate representing the Institutional Revolutionary Party (PRI) – was slain along with four of his aides in the border town of Valle Hermoso. The responsible party of 16 hooded gunmen is believed to represent the notorious Los Zetas gang.
Post resource: Rodolfo Torre slaying puts spotlight on peso, border security by Personal Money Store
Border security agents and investors worried about Rodolfo Torre's killing
Mexico’s drug war has claimed a lot more than 25,000 lives since 2006, when violent gun battles began spilling to the streets, but Rodolfo Torre’s death is allegedly the largest-scale example to date of a drug cartel attempting to influence Mexico’s politics. Tourists are reportedly avoiding Tamaulipas and foreign investors have bailed on the peso in extremely big numbers. Reuters indicates that its recent position at 12.71 per $ 1 U.S. was .46 percent weaker. Televised images of Rodolfo Torre’s body in the media don't seem to help to reverse this trend. In addition, local stocks remained flat as all of this news out of the recent G-20 summit point toward an end to fiscal stimulus in the region.
Border security is influencing Mexico’s credit picture
The Wall Street Journal reports that Credit Suisse has had some positive things to say about Mexico’s financial condition. Particularly, Credit Suisse decided to praise the nation’s “record or near-record low yields on government debt,” and pointed out that Mexico’s central bank is enjoying a level of inflation that rests within what experts consider to be a comfort zone. Lately the inflation level has ranged from 2 to 4 percent. Also, Credit Suisse believes that Mexico’s recovering growth is, “as good as it gets.”
Creditors are given pause by Mexico's ongoing drug war. ”The violence problem seems to have worsened notably in 2010, with the number of drug-related killings making new highs, and with organized crime defying the state a lot more openly than ever before,” Credit Suisse explained. “We aren’t sure this is as bad as it gets on the security front, sadly.”
Washington is watching closely
The United States seems to be noticing. The death of Rodolfo Torre appears to be just a stone’s throw from American soil has the U.S. on alert. Border security against bold drug cartels just a small measure in American politics, from the president’s funding of additional forces to the ongoing immigration debates. While Los Zetas might not represent all illegal traffic that crosses the U.S. border, their actions do little to dissuade states like Arizona from abandoning their own bold stance against the risks of illegal immigration.
Discover a lot more about this topic here:
Reuters
reuters.com/article/latestCrisis/idUSN28512369
Wall Street Journal
online.wsj.com/article/BT-CO-20100628-709931.html
Wikipedia
en.wikipedia.org/wiki/Los_Zetas
Rodolfo Torre campaign video (en Español):
youtube.com/watch?v=FqAtnZ6B5BE
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