Turmoil in Ecuador


My summary of the recent events:
The previous president put the country into huge debt. The new president had to find international loans to keep the country afloat. The International Monetary Fund required certain economic measures, one of them being to cancel gasoline subsides. When the president decreed the new economic measures, the price of gasoline went from $1.85 to $2.30 and the price of diesel went from $1.03 to $2.30. The first two days the taxi drivers and bus drivers went on strike but reached an agreement with the president the second day and ended the strike. But the indigenous population declared a national protest which included blocking all the roads in the country and marching to Quito to protest. The protests in Quito turned into skirmishes with the police, vandalism, violence, and property damage. It became obvious that among the protesters were professional terrorists who had a carefully planned and coordinated strategy for overthrowing the government. (They burned police stations, the national court house, and a TV station. They attacked military bases, and cut off water supplies.) To end the protests, the president and the indigenous leaders reached a temporary agreement, mediated by the United Nations. The Ecuadorian economy lost millions of dollars as a result of the protests which shut down the country for over a week. Everybody lost. This protest had no winners. The mediators have two days to reach a permanent agreement.