International

Ecuador’s Citizen Revolution considers cross-death illegal

Photo: Prensa Libre

May 17 |

The Citizen Revolution (RC) movement today considered the cross death decree issued by Ecuador’s president, Guillermo Lasso, a victory in the face of the impeachment process, although it qualified the measure as illegal.

The president’s decision represents the victory of the CR bench against the impeachment process that would lead to his dismissal, said former first vice president of the National Assembly Marcela Holguin in a press conference on Wednesday.

According to what the representative of the force related to former governor Rafael Correa declared, Lasso prevented the vote on the “trial of history” with a strategy taken at the last minute by a “hopeless president who clings to power”.

The cross-death is a constitutional mechanism in Ecuador that allows the chief executive to dissolve the unicameral legislative body and advance general elections.

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We are not afraid of the popular pronouncement in the ballot boxes and we are not going to take any action because we believe that the people in a crisis situation is the one who must decide, affirmed the parliamentarian Virgilio Hernandez.

However, the CR affirmed that the measure at this moment is illegal because it is not justified with the causes foreseen in the Constitution, such as the existence of an internal commotion or serious political crisis.

If the president calls for a crusade death, we will not shy away from it and we will put our positions as always at the service of the Ecuadorian people, Holguin underlined.

So far, the Constitutional Court has not ruled on the legality of the decree, which allows Lasso to continue in power for at least six months and to govern during that time through executive measures.

The National Electoral Council, for its part, called for a press conference this afternoon to refer to the early elections that would allow Ecuador to have a new president in November.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.