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Ecuador elects businessman; leading candidate in Peru would nationalize everything
Millionaire Businessman Guillermo Lasso Elected Ecuador's President
By Gideon Long
Financial Times, London
Monday, April 12, 2021
QUITO, Ecuador -- Millionaire businessman Guillermo Lasso will be Ecuador’s next president after pulling off a remarkable victory in Sunday’s election, overcoming a deficit of 13 percentage points between the first and second rounds to beat leftwing candidate Andres Arauz.
... Dispatch continues below ...
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With 98.5 per cent of the vote counted, the National Electoral Council gave Lasso 52.5 per cent of the vote to Arauz’s 47.5 per cent. Almost every opinion poll in the run-up to the vote had suggested Arauz would win, albeit by a narrow margin.
In upmarket areas of Quito, Ecuador’s capital, motorists honked and shouted “Lasso! Lasso!” as they drove through the streets. ...
Lasso has promised a clean break with the legacy of Correa, who poured money into social programmes during his decade in power from 2007 but left the country polarised and indebted to China. ...
... For the remainder of the report:
https://www.ft.com/content/afbe5585-89fb-4fd0-ac97-6eb27af05a37
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Far-:Left Activist Leads in Peru Presidential Election Upset
By Gideon Long
Financial Times, London
Monday, April 12, 2021
A far-left activist who advocates widespread nationalisation snatched first place in Peru's presidential election on Sunday and is likely to face a staunchly conservative candidate in a highly polarising second round.
Pedro Castillo, a teacher from the provinces who rode to cast his vote on a bucking horse, was leading a highly fragmented field of 18 presidential candidates vying to govern a country wracked by one of the world's worst coronavirus death tolls and widespread corruption.
With 49 per cent of ballots counted, Peru's national electoral authority said Castillo was in first place with 16 per cent of the vote, more than two percentage points clear of his nearest challenger, Hernando de Soto, a 79-year-old free-market economist. ...
A fast count by Ipsos predicted, however, that when all votes were counted, Castillo would face Keiko Fujimori, daughter of jailed former strongman president Alberto Fujimori, in a runoff election in June. A highly divisive figure, Keiko has been under investigation for corruption charges, which she denies. ...
A 51-year-old from the province of Cajamarca in the northern Peruvian highlands, Castillo is best known for leading a teachers strike in 2017. During the election campaign his Free Peru party promised to nationalise the country's mining, gas, oil, communications, and transport networks and to pass legislation to control the media. It also wants to rewrite Peru's Fujimori-era constitution. ...
... For the remainder of the report:
https://www.ft.com/content/d3306d77-05e3-40e0-8695-426bdb81ee11
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