28-05-2020 Latin American Weekly Report
Argentina’s default number nine: the enigmatic one
Ecuador’s President Lenín Moreno stands poised to expand his power at the helm of the Citizens’ Revolution while diminishing the influence of his predecessor Rafael Correa (2007-2017). The poisoned darts fired at each other by Moreno and Correa on Twitter in recent months have provided a gripping drama for the public and politicians of the deeply divided ruling Alianza País (AP) alike. But two concrete developments this week could give Moreno a decisive advantage over Correa. Firstly, Vice-President Jorge Glas, Correa’s most senior acolyte, was placed under preventive detention on suspicion of corruption. Secondly, Moreno published details of a referendum he is organising that could, inter alia, rule out a comeback by Correa by barring indefinite presidential re-election.
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