Companies need to take a ‘granular’ view of Mexico

A new report by the Eurasia Group says the government of Mexico will remain ineffective in its fight against crime. The political risk analysis and consulting group noted that homicides in August rose 24% year-on-year to 1,938, while extortions were up 22% and kidnappings climbed by 31% – “underlying a deterioration of the country’s security conditions.” “Violence continues to escalate nationwide as conflict persists among various drug cartels,” the Eurasia report stated. “Spending cuts at the ministries in charge of security will probably further hinder the fight against crime.” The New York-headquartered group also warned that violence will remain a serious issue for the remainder of President Enrique Pena Nieto’s administration. Read the entire story at The Northern Miner.