The people of Ecuador are rising up to refound their country as a pluri-national homeland for all. This inspiring movement, with Ecuador's indigenous peoples at its heart, is part of the revolution spreading across the Americas, laying the groundwork for a new, fairer, world. Ecuador Rising aims to bring news and analysis of events unfolding in Ecuador to english speakers.

Monday, August 20, 2007

Correa Calls Nat. Congress a Shame

Quito, Aug 19 (Prensa Latina) Ecuadorian President Rafael Correa called Congress a shame for the country for changing cabinet projects to benefit the financial power by rising bank interest rates.

The president called Bank Superintendent Alfredo Vergara incompetent for fixing high rates on account management and money withdrawal, among other services that should be given for free.

Correa said he is working on a Law in Defense of Consumers and Competence to prevent two private companies giving public services from colluding to rise costs.

He added that due to his suspicion of Congress with Legislators selling their votes to harm the people, he will send it to the Constituency Assembly if he wins the September 30 elections.

If the progressive trend wins the elections he will call to disband Congress and let a Constituency Assembly Commission enforce some ten laws the country urgently needs.

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