ecuador's

As Ecuador's President Correa said upon receiving the news of Obama's victory: "The day will come when Latin America doesn't have to worry about who is in the presidency of the United States, because it will be sovereign and autonomous enough to stand on its own two feet." your statement about ecuador's nationization of resources is incorrect. correa has not nationalized any industry or resource since taking office. he has changed the terms of contracts with multinationals, from profit sharing arrangements, where ecuador was previously getting a paltry share, to that of fee based terms based on extraction of resources.

The Progressive 2009

As Ecuador's President Correa said upon receiving the news of Obama's victory: "The day will come when Latin America doesn't have to worry about who is in the presidency of the United States, because it will be sovereign and autonomous enough to stand on its own two feet." your statement about ecuador's nationization of resources is incorrect. correa has not nationalized any industry or resource since taking office. he has changed the terms of contracts with multinationals, from profit sharing arrangements, where ecuador was previously getting a paltry share, to that of fee based terms based on extraction of resources.

The Progressive 2009