Read more on this subject: Ecuador
News Story Source: https://www.rt.com
Ecuadorian authorities are trying hard to shift the blame for ongoing protests on foreign influence, yet they are the ones who have mishandled the economy, and now refuse to give up power, ex-president Rafael Correa told RT.
The anti-government protests were triggered by austerity cuts linked to a loan deal with the International Monetary Fund (IMF), approved back in March. The spending cuts, unveiled by President Lenin Moreno last week include elimination of state fuel subsidies – which has already resulted in fuel prices more than doubling. In an attempt to quell the unrest, Moreno issued a 60-day national emergency decree late last week, yet the crisis continued and the government was ultimately forced to move out of the capital city of Quito to the southern coastal city of Guayaquil on Monday.
The country's government has blamed the unrest on foreign meddling. The president branded the protest a "coup attempt" backed by Venezuela's leade
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