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The extremely close vote raised fears of a political crisis if any of the main candidates challenge the results and call street protests.
Newspaper exit polls said Felipe Calderon of the ruling party and Andres Manuel Lopez Obrador, the left-wing former mayor of Mexico City, were locked in such a tight race that it was impossible to declare a winner.
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The Federal Electoral Institute was expected to announce official results at around 11 p.m. (0400 GMT on Monday). If it is unable to call a winner, Mexico could face days or weeks of legal wrangling and protests similar to the fight that followed the U.S. presidential election in 2000.
The Federal Electoral Institute was expected to announce official results at around 11 p.m. (0400 GMT on Monday). If it is unable to call a winner, Mexico could face days or weeks of legal wrangling and protests similar to the fight that followed the U.S. presidential election in 2000.
The president of the Mexican Federal Electoral Institute said an official count would begin Wednesday, and a winner would be declared once it was complete.
At stake in the contest is whether the country remains on a conservative track and stays a firm U.S. ally or joins a trend that has brought several leftists to power in Latin America in recent years, weakening Washington's influence.
"This is about the struggle between social classes," said Miguel Abel Sanchez, a 55-year-old shopkeeper, after he said he cast his vote for the leftist candidate in the rural town of San Rafael, 40 kilometers, or 25 miles, outside Mexico City. "We cannot live in a rich country with an enormous number of people in extreme poverty."
The election was another milestone in the Mexican shift toward full democracy after more than seven decades of single-party, autocratic rule, which ended with the election six years ago of Fox, who was not permitted to run for another term.