01-10-2013: Latin American Economy Business report
Economy & Business Report
The US ‘shutdown’ and Latin America
Indefinite presidential re-election has never existed in Ecuador. That is about to change. After four months of deliberations Ecuador ’s constitutional court (CC) has unanimously ruled that the unicameral national assembly can amend the constitution to allow indefinite presidential re-election, along with 15 other reforms, without the need for a national referendum to be staged. The ruling Alianza País (AP) has 100 of the 137 seats in the assembly, comfortably more than the two-thirds majority of 92 needed to approve the reforms. President Rafael Correa downplayed the significance of the CC ruling, arguing that indefinite re-election equated to “democracy without limits”. The political opposition argued that it would be a shat- tering blow to democracy, and decried the ruling as confirmation that Ecuador’s institutions were an appendage of the Correa administration.
By joining as an individual member you’ll have the opportunity to access our wide range of public events at a discounted rate, as well as additional benefits such as online access to in-depth reports, webinar recordings and This Week in Latin America news articles.
Get the latest information on upcoming Canning House events and other events related to Latin America and Iberia across the UK and beyond.