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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Ecuador's Correa poised for easy re-election win Thu Apr 23, 2009 11:19am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Alonso Soto QUITO (Reuters) - Popular despite a sputtering economy, Ecuador's President Rafael Correa is expected to win a second term in an election on Sunday but he faces tougher times ahead as low oil prices threaten his spending on projects for the poor. After only two years in office, the socialist Correa is considered the most powerful leader in the OPEC nation's 30-year democracy, with a firm grip on the levers of the economy and on state institutions. Recent polls show he has about 50 percent support ahead of Sunday's vote, way ahead of his seven rivals. The 46-year-old needs to score more than 40 percent to avoid a run-off vote with the second-placed candidate. Correa had nearly two years left of his current term, but a new constitution approved last year lets him start again from scratch and the new rules allow presidents two consecutive four-year terms. Critics fear he is running roughshod over Ecuador's democratic institutions, but Correa is riding high. "You can either return to the past or continue with the revolution ... it is up to you," Correa told hundreds of poor farmers at a rally on Monday in the Andean city of Ambato. Voters are also electing members of the National Assembly and a host of regional and municipal officials. A European-trained economist, Correa has followed the lead of other Andean presidents such as Venezuela's socialist leader Hugo Chavez and conservative Alvaro Uribe of Colombia, who pushed through constitutional changes to extend their rule. Although more moderate than his main left-wing allies, Chavez and President Evo Morales of Bolivia, Correa has raised spending on education and health, winning the support of a poor majority that was for long neglected in the world's top banana exporter. Correa has a no-nonsense leadership style and has taken a tough stance with investors, refusing to repay foreign debt. The policies have fanned national pride in a country where many blame foreign interests for perennial poverty. "Correa has been able to exploit the weaknesses of the opposition and become a leader in a country without any," said top pollster Polibio Cordova. "He will continue with his socialist policies depending on how bad the economy gets." Falling oil income and financing problems after a debt default in December could encourage Correa to further increase state control of the economy. But the worsening global crisis may also force him to court companies able to develop Ecuador's gold and copper deposits, and the former Roman Catholic missionary could fast fall from grace if he is unable to meet his promises to protect the poor from a sharp economic slowdown. "SOMETHING IS CHANGING" Even as the unemployment rate rises and growth slows, Correa's message of radical change to redistribute oil wealth has allowed him to outlast his last three predecessors, who were toppled by street protests and congressional upheaval. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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