Video: how to understand what is happening in Ecuador

Unlike the proposals that led Lenin Moreno to win an election still suspected of fraud, The idea of ​​a program called "popular and solidarity economy" does very little honor to his name.

In accordance with the regional common vocabulary, Efforts in Ecuador continued overnight to balance the budget, optimize the state, achieve an external balance, and boost production.

This round partly responds to the political weakness of Moreno, as well as to the economic crisis that Ecuador has been experiencing since 2013 and whose commitments inherited from this administration (of which he was the vice-president) make it difficult to pursue policies aimed at to the high public investment and the presence of the state.

And the IMF has arrived. Under an agreement granting the country access to loans of $ 4,209 million, the president announced a series of actions directly attacking public spending. Seeking to release the $ 1400 million a year, the reduction of fuel subsidies has been announced. In less than a day, gasoline has gone from 1.85 USD to 2.22 USD.

In addition, the economic strategy has for horizon the idea of ​​a reform of the workforce (according to the known names) allowing dismissals without allowances during the first three years, the loss of days of leave for the agents of the State and the replacement of maternity leave, among other benefits