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Colombia's Santos takes solid lead into June runoff
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Colombia's Santos takes solid lead into June runoff
Jack Kimball
BOGOTA
Mon May 31, 2010 1:03am EDT
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A man waves a Colombia's flag near to a polling station in Bogota May 30, 2010.
Credit: Reuters/Eliana Aponte
BOGOTA (Reuters) - Former Colombian Defense Minister Juan Manuel Santos, a close ally of the popular incumbent president, heads to a June runoff as the solid favorite after a strong win in the first round of presidential voting.
World
Santos benefited from a drop in rebel violence, increased investment in Colombia and strong rural support to finish far ahead of former Bogota Mayor Antanas Mockus on Sunday, despite opinion polls before the vote showing them running even.
Although falling short of the outright majority needed to avoid the June 20 runoff, Santos, the scion of a wealthy Bogota family, polled 47 percent to 22 percent for Mockus.
His win was seen as a testament to President Alvaro Uribe's enduring popularity despite a string of scandals.
"President, this is your triumph and for all of us that wanted to preserve your immense legacy," Santos told cheering supporters after the results on Sunday.
Drug-running guerrillas have been battered by a U.S.-backed war, while investment in industries such as oil and mining has soared under Uribe, whom a high court ruled could not seek a third term despite more than a 60 percent approval rating.
"This is clear support for the democratic security policy of President Alvaro Uribe in the provinces that have had to deal with this harsh violence," analyst and former minister Eduardo Pizano said late on Sunday.
Investors are likely to be happy with Santos' wide margin of victory as the U.S.- and British-educated former finance minister is seen as sticking closer to Uribe's stances on regulation, taxes and fiscal restraint than Mockus.
Colombian markets may be muted since the June 20 rematch between Santos -- who has not held an elected position -- and Mockus was widely expected.
"Markets are likely to react well to the strong showing by Santos in the first round elections as governability conditions and the capacity to deal with potential national security issues emanating from the neighborhood could be stronger under Santos," Alberto Ramos of Goldman Sachs said in a note.
'URIBE, URIBE'
Mockus cut into Santos' support early in the race with a focus on the economy that reverberated with the electorate. But the son of Lithuanian immigrants won just 3.1 million votes, about half of Santos' total.
Supporters chanted 'Uribe, Uribe' and 'Uribe's here, Santos the next president', to Santos, whose family for years owned a leading newspaper, which he also once edited.
Santos called on defeated parties to join his U Party -- which has the most seats in Congress. Alliances in the second round could be the key for Mockus or Santos.
Surrounded by green balloons -- referring to his Green Party which only has a few seats in Congress -- and flowers, Mockus' supporters defiantly called out "Yes We Can".
"With this second round we have the opportunity to advance a profound cultural transformation that liberates our country from violence, drug trafficking and clientelism ... that also liberates us from extreme inequality," Mockus told supporters.
(Additional reporting by Javier Mozzo; Editing by Peter Cooney)
World
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