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Latin American News

Banana Baron Vs. Chavez Ally in Ecuador

Saturday, November 25, 2006 12:47:20 PM
By MONTE HAYES

Pedestrians pass near a poster of Ecuadorean presidential candidate Alvaro Noboa in Quito, Ecuador on Saturday, Nov. 25, 2006. Leftist economist Rafael Correa, 43, faces populist Alvaro Noboa, 56, Ecuador's wealthiest man, in Sunday's elections (AP Photo/Martin Mejia)QUITO, Ecuador (AP) - One is a banana billionaire who hobnobs with the Kennedys and Rockefellers. The other calls himself a friend of Venezuela's anti-U.S. president, Hugo Chavez. On Sunday they square off for the presidency of Ecuador, a country whose last three elected leaders were driven from office by street protests.

Voters in this runoff election must choose between two populists from the right and left: Alvaro Noboa, whose promises include building homes at a pace of 34 an hour to solve the housing shortage, and Rafael Correa, a leftist economist who has rattled Wall Street by threatening to reduce payments on the country's $16.1 billion foreign debt.

A victory for Correa would tip Ecuador into the ranks of Latin American countries that have turned left in recent years. But with polls predicting a dead heat, and Correa claiming fraud even before the votes are cast, the nation of 13.4 million, three-fourths of them poor, could be in for a lengthy postelection stalemate.


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