Varoufakis suggests the promotion of electronic money in the country

Greek former finance minister Yanis Varoufakis visited the country to praise the outgoing administration of president Rafael Correa and advise president-elect Lenin Moreno. He held meetings yesterday with them to give praise. Few are the changes he suggests in an economic model...

A sit-in against the regime of Nicolas Maduro in Quito

“This is a symbolic act aimed at demanding the resignation of President Maduro,” said Pedro Jose Freile, representative of the Citizen Platform Fifth Power, which took part in this initiative. While several Venezuelans, with masks on their faces, shouted slogans...

Two countries witnessed the payment of bribes to a former minister

Rodrigo Tacla, a former Odebrecht lawyer, responded to all the inquiries by the Ecuadorian prosecutor’s officeby and gave details on the illegal operations the Brazilian construction company apparently conducted in Ecuador. Daily El Comercio had access to those documents on...

The aggregate public debt is already at 40.2% of GDP

The total public debt stood at 40.2% of the Gross Domestic Product (GDP) at the end of March 2017, according to information available on the website of the Ministry of Finance. The aggregate debt amounted to 40 465 million dollars in March, which takes into account the...

Ecuadorian Public Prosecutor´s office analyzes 30 Odebrecht contracts

Some 30 contracts signed by the Brazilian company Odebrecht with the Ecuadorian state are analyzed by the Ecuadorian Public Prosecutor’s Office to verify under which conditions they were signed, it was reported Tuesday. According to statements by Attorney General Galo...

Cases of corruption are isolated in the view of Correa

President Rafael Correa does not want that his government ends in its last 29 days persecuted by the perception of institutionalized corruption. According to the president, corruption cases such as the Esmeraldas Refinery are isolated and rather respond “to the dark...

Pamela Anderson calls on France to be Assange’s new refuge

American actress Pamela Anderson, who is romantically linked to WikiLeaks founder and asylee of Ecuador Julian Assange, yesterday asked the French authorities to grant asylum to the Australian hacker, refugee since 2012 at the Ecuadorian Embassy in London.   “Julian exposed...

PAIS Alliance, a not so wide majority and at the expense of not having defectors

A multi-colored painted map reflects the triumph of Alliance PAIS – the government’s party that will continue to have a majority in the Legislature – and also means a loss of seats: it will have 26 legislators less. In 2013 the party obtained 100 seats, and from...