Ecuador’s President Lasso accepts extradition referendum defeat
Al JazeeraEcuador’s President Guillermo Lasso has accepted defeat in a referendum on allowing extradition for organised crime, among other reforms, but added he would continue to fight drug trafficking and keep working to improve social conditions. “I accept that the majority doesn’t agree that these issues would be resolved with the tools put up for consideration in the referendum,” Lasso said in a televised speech. “The strong performance of the Correismo in the regional elections together with what appears to be a government loss in the referendum, if confirmed, leaves a very challenging political scenario for the Lasso administration,” JP Morgan said in a note. The referendum defeats would further erode Lasso’s political capital, the note said, adding that renewed social protests could be destabilising.