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Raúl Castro Backs Ecuador’s Ruling Party Candidate Lenín Moreno

By: Karina Martín - Mar 9, 2017, 2:36 pm
Cuban president Raul Castro has given his full public backing to Lenin Moreno in Ecuador's upcoming presidential elections (
Cuban president Raul Castro has given his full public backing to Lenin Moreno in Ecuador’s upcoming presidential elections (El Carabobeno).

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Cuban President Raul Castro on his recent visit to Caracas, expressed his support for Lenin Moreno, former vice president and candidate of Ecuador’s ruling Alianza Pais party. Raúl Castro also reaffirmed his support for other socialist leaders in the region.

“We will never abandon Evo Morales, true leader of Bolivia, and all of its original peoples. We will continue to accompany Daniel Ortega and the Sandinista people of Nicaragua,” he stated during his speech at the XIV Summit of the Bolivarian Alliance for the Peoples of Our America (ALBA).

Meanwhile, in Ecuador, former Quito mayor and presidential candidate Paco Moncayo surprised many by calling on Ecuadorians to support Guillermo Lasso in the April 2 second round election. Moncayo represented the Democratic Left party, and finished in fourth place in the first round elections on February 19.

“There is no other way to end Correa’s rule than by voting for Lasso. There are no other options! I’m not going to wash my hands of the future of this country and say support no one,” Moncayo wrote on his Twitter account.

“The Sandinista-Chavista-Correista model does not want  to relinquish power, the AP (Alianza País) wants to stay in power forever,” commented the ex-candidate.

Lasso immediately thanked Moncayo for his support, writing on his Twitter account: “Thanks @PacoMoncayo for joining the defense of democracy, and coming together with everyone who wants a CHANGE.”

The Movimiento CREO candidate Guillermo Lasso also took aim at ALBA, announcing after regional bloc’s 14th summit in Venezuela, that if he comes to power he will remove his country from the organization, and apply to join the Pacific Alliance (formed by Peru, Colombia, Chile and Mexico).

Raul Castro is one of few socialist leaders remaining in the region. While the last fifteen years saw the dramatic rise of power of left-wing governments throughout the region, Latin American voters have taken a sharp turn to the right in recent years, installing new leaders such as Peru’s Pedro Pablo Kuczynski and Argentina’s Mauricio Macri. The Brazilian Senate also voted to impeach Dilma Rousseff last year, installing her vice president Michel Temer, as interim president.

Next month, Ecuadorian voters could deliver yet another blow to the once ascendant Latin American left.

Source: La Republica

Karina Martín Karina Martín

Karina Martín is a Venezuelan reporter with the PanAm Post based in Valencia. She holds a bachelor's degree in Modern Languages from the Arturo Michelena University.

Mexican Inflation Reaches its Highest Level in Seven Years

By: Elena Toledo - @NenaToledo - Mar 9, 2017, 2:07 pm
Mexico's economy has faced severe challenges recently, with soaring inflation and depreciation of the Mexican peso (

Español The increase in energy prices has led to a skyrocketing annual inflation rate in Mexico during the month of February, which stood at 4.86%. This is the highest recorded since March 2010 when it was 4.97% according to data from the National Institute of Statistics and Geography (INEGI). According to the national index of consumer prices there is currently a monthly increase of 0.58% which put the annual inflation rate at 4.86% while in the same time period in 2016 the figure stood at 0.44% monthly, and 2.87% annual inflation. Read More: Mexico's Oil Company Defends Higher Gas Prices, Claims Inflation Due to Other Factors Read More: Ex-President Vicente Fox Defends Mexico's Gas Price Liberalization The underlying price index, which leaves out products whose prices have more volatility, presented a monthly increase of 0.76% in February and an annual rate of 4.26%. The non-core price index, on the other hand, registered a monthly increase of 0.03% and annual increase of 6.71%. As for energy prices, they represented by far the greatest increase, standing at 17.16%. Prices for the basic goods index showed a monthly increase of 0.69% in February, reaching an annual rate of 7.65%, while in 2016 the corresponding data were 0.32% monthly and 1.07% annually. Another important fact that the Inegi has revealed is that Mexican consumer confidence has recovered in the month of February, by an impressive 11.1% after having decreased to its worst level in 15 years in the month of January, according to official figures. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); Current president Enrique Pena Nieto has come under attack for his plan to liberalize fuel prices in the Aztec nation. He has sought to remove subsidies that Mexican consumers had been enjoying at the pump, but has faced domestic criticism, both from Mexican consumers and from opposition politicians. Mexico is currently on pins and needles as it deals with tough rhetoric from recently elected US president Donald Trump on trade, immigration, and border security issues. The Mexican peso has fallen to historic lows against the dollar, as Trump's advisers begin to consider changes to the landmark NAFTA trade agreement. Sources: Milenio, El Economista

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