Ecuador’s President Guillermo Lasso dissolved the National Assembly by decree, bringing forward legislative and presidential elections and heading off an attempt by opposition politicians to impeach him. | Reuters
Lasso says the impeachment process – the first against an Ecuadorean president in decades – is politically motivated and has sparked a grave crisis that has threatened democracy. The dissolution was necessary, he said.
Ecuador sovereign bond prices tumbled on the news, which spooked investors with worries over increased uncertainty and fears the market-friendly Lasso could be replaced. Citing the crisis and inability to govern, Lasso invoked the constitution’s so-called “two-way death” provision, which allows the president to call elections for both his post and the assembly under certain circumstances, including if actions by the legislature are blocking the functioning of government.Ecuador’s electoral court has until May 24 to call new elections, which must take place within 90 days, Diana Ataimaint, the court’s president, told journalists, adding that Lasso is free to run.
Opposition lawmakers called the dissolution illegal, though some belonging to the party of ex-President Rafael Correa – who was convicted of corruption and is living in exile – said elections were the only way out of the crisis. Some opposition politicians presented a motion to the country’s top court in a bid to block the dissolution.
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