Bloomberg View reports the leftist ruling party in Ecuador, headed for years by Rafael Correa, didn't win a majority in recent elections, meaning a runoff is likely. This, in spite of the usual leftist finagling with press freedoms, election rules, etc. aimed at crippling alternative parties.
We don't know, of course, whether Correa's Alianza Pais will eventually win the runoff. Even if they do, a message of dissatisfaction has been sent. The other candidate in the runoff looks to be a market-friendly conservative not unlike the recent winner in Argentina.
These are interesting times, down south. Socialists are on the back foot in many Latin nations.
