Ecuador: Correa plans on land distribution, pressure on media, attract new investors with mining law

Correa pledges land distribution, media clamp but also mining law to attract investors

According to mercopress.com, Ecuadorean President Rafael Correa, 49, vowed to press ahead with laws to control the media and redistribute land to the poor as he looks to deepen his revolution after a resounding Sunday re-election victory. Correa has already been in power six years and will add another four. However Correa will have to balance his desire for a populist agenda with the need for pragmatic negotiations with foreign investors to raise Ecuador’s oil production and spur the mining industry. And on Monday he focused on his reforms saying he’d push through legislation that has been blocked by opposition leaders in Congress. Read Article