Lasso’s Honeymoon Comes to a Crashing Halt in Ecuador

Ecuadorian President Guillermo Lasso speaks as he delivers a proposed bill with economic, tax and labor reforms, Quito, Ecuador, Sept. 24, 2021 (AP photo by Dolores Ochoa).
Ecuadorian President Guillermo Lasso speaks as he delivers a proposed bill with economic, tax and labor reforms, Quito, Ecuador, Sept. 24, 2021 (AP photo by Dolores Ochoa).
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There may never be a good time to cut social spending, especially in a Latin American country so wracked by inequality that an unpopular austerity package resulted in lethal riots even before the onset of the coronavirus pandemic. That is the lesson Guillermo Lasso, Ecuador’s conservative new president, appears to be learning the hard way six months into his term in office.  After his surprise win in April’s presidential runoff election, Lasso, a former banker and one of his nation’s richest citizens, moved swiftly to establish his authority upon taking office the following month. He rapidly accelerated Ecuador’s vaccination drive […]

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