UNITED STATES, WASHINGTON (OBSERVATORY) — Despite the unrest, President Lenin Moreno says he has no plans to reverse the decision to scrap fuel subsidies as part of strict austerity measures.
Protesters in Ecuador are blocking roads across the country in the fifth day of demonstrations against the introduction of austerity measures, which include canceling fuel subsidies that have been in place for 40 years.
But President Lenin Moreno has remained adamant he will not bring them back and has declared a state of emergency.
He imposed the measures after signing a deal with the International Monetary Fund to ease the country’s debt.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
OBSERVATORY NEWS — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.
Contact us: email@example.com
Stay connected with News Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.
We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.