Mexico's Labastida eyes foundation to monitor Fox

MEXICO CITY (Reuters) -- Francisco Labastida, who led Mexico's Institutional Revolutionary Party (PRI) to its first defeat in presidential elections in 71 years, is mulling the creation of a foundation to monitor the performance of the incoming government, a magazine reported on Sunday.

Milenio quoted Marcos Bucio, former head of Labastida's campaign communications, as saying: "It is a foundation from which we will investigate the government of Vicente Fox."

Labastida, a former interior minister and ex-governor of northern Sinaloa state, lost to Fox and his center-right National Action Party (PAN) in elections on July 2.

The PRI politician's private secretary, Manuel Cardenas, said the foundation could be a barometer of Fox's administration, which assumes power in December.

The aides said Labastida, who is expected to return August 7 from an undisclosed location in Europe, has received both public and private messages from Fox to arrange a meeting.

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