21 June 2010

Colombian Election Stays The Course

Ensuring the continuation of Uribe's policies, Juan Manuel Santos wins Colombia's election.

Former defense minister Juan Manuel Santos easily won Colombia's presidency on Sunday and will stick to policies that put guerrillas on the defensive and attracted foreign investment but he still faces risks with the economy and relations with leftist neighbors.

His win was widely expected since opinion polls showed he had a commanding lead ahead of the run-off and is likely to have little impact on Colombia's peso currency or TES bonds.

Santos' defeat of independent Antanas Mockus is seen as an endorsement of outgoing President Alvaro Uribe's policies, which were credited with slashing rebel and drug violence.

Improved security has spurred a sharp increase in foreign investment, especially in the booming energy and mining sectors.


Cue the FARC...

By: Brant

No comments: