Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ARU.V Aurelian Resources Inc -- Ignore unavailable to you. Want to Upgrade?

To: BritNick who wrote (292)	3/8/2007 10:30:07 PM
From: BritNick	Read Replies (1) \| Respond to of 516

More referendum stuff and it is starting to hit the mainline press like reuters. If Correa actually succeeds in toasting 57 members of congress, the outlook becomes a little dimmer on the other hand DMM seems to be marching right along with some strong recovery gains over the last few sessions, maybe it is ARU's turn to turn the tables on the down draft. IMHO: QUITO, March 8 (Reuters) - Ecuador's government said on Wednesday it would back an election court attempt to dismiss 57 opposition lawmakers a day after Congress fired the court's chief for backing a referendum that aims to limit the influence of traditional political parties. The electoral court ruling could fuel tensions in the unstable Andean country, but its legality remained unclear as lawmakers rejected it and said the court could not remove them from the 100-member seat Congress. The measure is the latest move in a political power struggle between opposition lawmakers and President Rafael Correa who has vowed to curb their influence by holding an April 15 referendum on whether to rewrite the constitution. "The tribunal has no power to remove elected officials from office," said Alfonso Harb, an opposition lawmaker and part of the 57 members sanctioned. "This ruling is completely invalid." Reuters Pictures Editors Choice: Best pictures from the last 24 hours. View Slideshow The government says the electoral laws can be applied to any public official who interferes with an electoral process. "The government announces today that it will respect and comply with the law, therefore, with the ruling of the election court," spokeswoman Monica Chuji told reporters. The court said earlier on Wednesday the lawmakers violated the constitution and election law and would be stripped of their political rights for one year. Correa, a political outsider, was elected in November and remains popular for his call to take on the traditional parties that many Ecuadoreans blame for the instability that has toppled three presidents in a decade. The left-wing former economy minister wants a special assembly called to rewrite the constitution to stop political parties meddling with institutions such as the courts. His foes say he wants to bypass the legislature and consolidate his presidential authority.