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                                                                                         WORLD NEWS Tuesday 21 February 2017


















              Ruling party candidate on top in Ecuador’s presidential vote




            GONZALO SOLANO               supporters outside the Na-
            Associated Press             tional  Electoral  Council
            QUITO, Ecuador (AP) — The  stretched  into  Monday,
            hand-picked candidate of  and  they  said  they  would
            socialist  President  Rafael  stay  until  every  vote  was
            Correa  held  an  easy  lead  counted and a runoff was
            Monday in Ecuador’s presi-   confirmed.
            dential  election,  though  By  afternoon,  the  crowd
            authorities said it might be  had grown to a few thou-
            a  few  more  days  before  sand  who  blocked  traf-
            they  determine  if  he  won  fic  and  shouted  anti-Cor-
            enough  votes  to  avoid  a  rea  slogans  as  riot  police
            runoff  against  his  nearest  watched.
            rival.                       “We’re  going  to  stay  here
            With  about  89  percent  of  until  the  people’s  will  is
            polling  stations  reporting  respected,”  said  Andres
            late in the day, ruling party  Paez, Lasso’s running mate
            candidate  Lenin  Moreno  who  joined  in  the  protest.
            had slightly over 39 percent  “If  the  results  are  clean
            of  the  votes  cast  Sunday,  we’ll  recognize  them.  But
            compared  to  28  percent  if they’re not we’ll declare   Ecuador’s President Rafael Correa, from left, Lenin Moreno, presidential candidate for the ruling
            for former banker Guillermo  ourselves  in  civil  disobedi-  party Alliance PAIS, and running mate Vice President Jorge Glas, flash thumbs up as they cel-
            Lasso, the closest contend-  ence.”                       ebrate in Quito, Ecuador. Candidate Moreno held an easy lead Monday in Ecuador’s presidential
            er among seven opposition  Even  before  the  first  vote   election, though authorities said it might be a few more days before they determine if he won
            candidates.                  results  were  released  Sun-  enough votes to avoid a runoff against his nearest rival.
            To avoid a runoff, and con-  day evening, Moreno had                                                                   (AP Photo/Dolores Ochoa)
            tinue a decade-long streak  declared  himself  the  win-
            of leftist rule in Ecuador at  ner based on inconclusive
            a  time  the  rest  of  South  exit polls and he called on
            America  has  tilted  to  the  Lasso to recognize defeat.
            right,  Moreno  needed  to  He later softened his stance
            win  a  majority  of  the  total  while  addressing  support-
            vote, or to have a 40 per-   ers  late  Sunday,  but  said
            cent share while holding a  he was confident he would
            10-point lead over his near-  cross  the  required  thresh-
            est rival.                   old once all the votes were
            An overnight vigil by Lasso  counted.q

            Federal judge rules Puerto Rico

            Bondholders’ suit can proceed


            SAN  JUAN,  Puerto  Rico  control board put a halt to
            (AP) — A federal judge has  most legal action by credi-
            agreed to let Puerto Rico’s  tors.
            general  obligation  bond-   But  Besosa  said  the  gen-
            holders move ahead with a  eral obligation debt lawsuit
            lawsuit arguing that the ter-  was an exception because
            ritory’s  government  can’t  it  was  not  aimed  at  con-
            refuse to pay them while it  fiscating   commonwealth
            pays off other bondholders  property  or  obtaining  any
            while  trying  to  restructure  form  of  payment  from  the
            the  island’s  nearly  $70  bil-  Puerto Rican government.
            lion in debt.                The lawsuit takes issue with
            U.S.  District  Court  Judge  the  commonwealth  gov-
            Francisco   Besosa    ruled  ernment’s ability to default
            over the weekend that the  on  its  general  obligation
            move  can  proceed  even  bonds while still paying the
            though last year’s law cre-  holders of sales tax debt.q
            ating  Puerto  Rico’s  fiscal
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