Venezuela’sPresidentNicolásMaduro,Ecuador’sPresidentRafaelCorrea, Bolivia’s President Evo Morales and Nicaragua’s President Daniel Ortega will be glued to events unfolding in Brazil and Uruguay on 26 October. Electoral defeats for the ruling left-wing parties in both countries would, at a stroke, leave Chile’s President Michelle Bachelet as the sole representa- tive of the moderate Left in the region and remove the buffer for the region’s more radical leftist governments, above all Venezuela, at a difficult time when oil prices are falling.

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