Austerity measures trigger violent protests in Ecuador

On Tuesday October 2, Ecuador’s president, Lenin Moreno, announced a decree that would cut fuel subsidies that have been in place for four decades. On Thursday, Ecuadorians responded to the announcement by staging massive protests that paralyzed the country, forcing Moreno to declare a nationwide state of emergency. El Pais reported that the removal of fuel subsidies will raise the price of petrol by approximately 37 US cents per gallon, and the price of diesel by up to $1 per gallon, which will save the government $1.4 billion a year.  These cuts form part of continuing austerity laws implemented by … Continue reading Austerity measures trigger violent protests in Ecuador