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PRI Failed to Win Majority in Mexico Lower House, Lawmaker Says

July 2 (Bloomberg) -- Mexico’s Institutional Revolutionary Party, or PRI, and the allied Green Party won’t get a majority in the nation’s Chamber of Deputies, a PRI lawmaker said after yesterday’s presidential and congressional elections.

With more than 90 percent of the votes counted, the PRI alliance will have about 241 lawmakers in the 500-seat lower house, said Jorge Ramirez Marin, the second in command of PRI presidential candidate Enrique Pena Nieto’s campaign.

“We’ll have to work a lot in the construction of consensus,” Ramirez Marin said in a telephone interview from Mexico City. “We’ll have take a lot of time in talks with the parliamentary forces.”

Pena Nieto has said that if elected he plans to spur growth by making it easier for companies to hire and fire workers, increasing tax collection and encouraging more businesses to join the formal economy. He also aims to open up the oil industry to more private investment.

Ramirez Marin, a former president of the lower house from September 2010 to September 2011, said it’s more “viable and logical” to push for the labor initiative as the lower house has already discussed the issue. “We can even approve it immediately,” Ramirez Marin said.

Changes to energy and fiscal legislation will probably take more time, Ramirez Marin said, without offering details.

To contact the reporter on this story: Jose Enrique Arrioja in Mexico City at jarrioja@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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