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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 cruises to re-election victory Sun Apr 26, 2009 9:23pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Frank Jack Daniel and Alonso Soto QUITO (Reuters) - Ecuador's President Rafael Correa cruised to a re-election victory on Sunday as voters ignored a sputtering economy to make the charismatic socialist the OPEC nation's most powerful leader in a generation. Correa won 51 percent of the vote and had a 20 point lead over his nearest rival, a quick count authorized by electoral authorities showed. He is the first president to avoid a run-off election since Ecuador returned to democracy in 1979. Supporters packed Correa's party headquarters in Quito waving green flags and shouting "Just one round, Ecuador." "This revolution is on the march, and nobody and nothing can stop us," the 46-year-old president said in his home town of Guayaquil. "The people ... have given us the most splendorous victory of probably the last 50 years." He vowed to protect the poor from the global financial crisis in his second, four-year term and said Ecuador's economy, which depends heavily on oil exports and is the world's largest banana exporter, was healthier than most. Correa's main opponent, Lucio Gutierrez, said he could not accept defeat until official results were published and charged that fraud had been detected at some polling stations. The result is very unlikely to change, however, as the quick count is usually accurate. Correa has vowed to keep standing up to foreign investors and big oil companies after bringing relative stability to a country where street protests toppled three presidents in the decade before he took office in 2007. But the fierce nationalist must now tackle a weakening economy and sliding oil revenues to deliver on his promises of more housing and jobs or he risks a slide in his popularity. "Correa is being watched by all Ecuadorians and should continue with adequate social spending. If not, his administration will not last long," said veterinarian Karen Cabrera, 32, after voting in Guayaquil. FORMIDABLE TASK A close ally of Venezuela's socialist President Hugo Chavez, Correa also claimed he had won a majority in the newly formed National Assembly. Exit polls suggested his party had the largest number of seats but not an absolute majority. The former missionary, who keeps a photo of the Pope by his desk along with photos of his friends Chavez and Brazilian President Luiz Inacio Lula da Silva, is trusted by Ecuador's poor for squeezing hundreds of millions of dollars from foreign companies and spending it on pensions, schools and health. He has made some risky moves such as defaulting on billions of dollars of debt, although he has also reined in his own left-wing party's radicals, who oppose his plans to develop gold mines in partnership with the private sector. Correa is closing down a U.S. airbase used for anti-drug flights and in February expelled two American diplomats. But he says he respects President Barack Obama and promised on Sunday to seek "cordial" relations with Washington. Correa followed the lead of other Andean leaders such as Chavez and Colombia's conservative President Alvaro Uribe by last year changing Ecuador's constitution to extend his rule. Continued... 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