Ecuador Goes Red?


Rafael Correa, a leftist economist and friend of Venezuela’s Marxist president, Hugo Chavez, has almost certainly won Sunday’s presidential runoff in Ecuador.

From Associated Press

With 13.7 percent of the ballot counted, Rafael Correa had 66.2 percent compared to 33.8 percent for Alvaro Noboa, according to Ecuador’s Supreme Electoral Tribunal. The results are consistent with an unofficial quick count by the citizens election watchdog group and two exit polls.

Correa, a U.S.-trained economist who has rattled Wall Street by threatening to reduce foreign debt payments and oppose free trade efforts, declared victory shortly after the quick count was announced Sunday.

Looks like the world is in for a banana shortage.

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