MEXICO CITY, June 10 (Reuters) - Mexico's outgoing
president said he would not pressure his successor to rush a
package of constitutional reforms he has proposed, including a
major overhaul of the judiciary which has spooked markets since
the June 2 election.
President Andres Manuel Lopez Obrador said he would meet
later on Monday with close ally Claudia Sheinbaum, who notched a
landslide victory to become Mexico's first woman president, to
start transition talks.
The constitutional reforms, which would drastically
remake Mexico's judiciary, eliminate key regulatory agencies and
introduce new social benefits, were proposed by Lopez Obrador
back in February but did not cause market alarm until the ruling
coalition honed in on a congressional super-majority in the
recent election.
Last week, Mexico's peso fell 8% - its biggest plunge
since the COVID-19 pandemic - in addition to a steep sell-off in
the country's main stock index.
On Monday the peso fell 1% before reversing losses and
strengthening slightly.
Asked by a reporter on Monday if he would ask Sheinbaum to
speed up constitutional reforms, Lopez Obrador replied: "No."
Later, he stressed he would not interfere after he leaves
office at the end of September, saying he would not receive
politicians at the ranch where he will retire to and would
delete his social media accounts.
The ruling coalition led by MORENA secured a two-thirds
super-majority in the lower house but fell just short in the
Senate, although analysts believe those extra votes can likely
be secured through negotiation.
Lopez Obrador's judicial reform would replace an appointed
Supreme Court with popularly elected judges, as well as for some
lower courts, which critics allege would fundamentally alter the
balance of power in Mexico.
Also on Monday, MORENA party head Mario Delgado told
broadcaster Radio Formula he believes the judicial overhaul is
necessary and that it "will generate certainty for the rule of
law and above that for investors."
It remains unclear when lawmakers might take up the
constitutional reforms.
While the newly-elected Congress will take office at the
beginning of September, Sheinbaum will not be inaugurated until
a month later, which could give Lopez Obrador and lawmakers a
window to try to enact the reforms.