AIRLINK 204.70 Increased By ▲ 0.25 (0.12%)
BOP 10.01 Decreased By ▼ -0.08 (-0.79%)
CNERGY 6.97 Increased By ▲ 0.06 (0.87%)
FCCL 35.55 Increased By ▲ 0.72 (2.07%)
FFL 17.34 Increased By ▲ 0.13 (0.76%)
FLYNG 24.58 Increased By ▲ 0.06 (0.24%)
HUBC 139.30 Increased By ▲ 1.90 (1.38%)
HUMNL 14.00 Increased By ▲ 0.18 (1.3%)
KEL 4.90 Decreased By ▼ -0.01 (-0.2%)
KOSM 6.75 Increased By ▲ 0.05 (0.75%)
MLCF 46.07 Increased By ▲ 1.76 (3.97%)
OGDC 224.00 Increased By ▲ 2.09 (0.94%)
PACE 7.20 Increased By ▲ 0.11 (1.55%)
PAEL 43.90 Increased By ▲ 0.93 (2.16%)
PIAHCLA 17.17 Increased By ▲ 0.09 (0.53%)
PIBTL 8.69 Increased By ▲ 0.10 (1.16%)
POWER 9.12 Increased By ▲ 0.10 (1.11%)
PPL 191.20 Increased By ▲ 0.60 (0.31%)
PRL 43.74 Increased By ▲ 0.70 (1.63%)
PTC 25.55 Increased By ▲ 0.51 (2.04%)
SEARL 111.15 Increased By ▲ 4.74 (4.45%)
SILK 1.03 Increased By ▲ 0.01 (0.98%)
SSGC 42.85 Decreased By ▼ -0.06 (-0.14%)
SYM 18.80 Increased By ▲ 0.49 (2.68%)
TELE 9.21 Increased By ▲ 0.07 (0.77%)
TPLP 13.98 Increased By ▲ 0.87 (6.64%)
TRG 68.75 Increased By ▲ 0.62 (0.91%)
WAVESAPP 10.35 Increased By ▲ 0.11 (1.07%)
WTL 1.89 Increased By ▲ 0.02 (1.07%)
YOUW 4.08 Decreased By ▼ -0.01 (-0.24%)
BR100 12,276 Increased By 139.2 (1.15%)
BR30 37,618 Increased By 472.6 (1.27%)
KSE100 116,213 Increased By 941.1 (0.82%)
KSE30 36,620 Increased By 308.2 (0.85%)

A sandal-wearing former bishop's presidential election victory suggests Paraguay's democracy has matured, but after 61 years of one-party rule his political foes may dictate the pace of change.
Fernando Lugo, a mild-mannered leftist who quit the cloth three years ago saying he felt powerless to help Paraguay's poor, ousted the ruling Colorado Party in Sunday's election with promises to tackle inequality and stamp out corruption.
"We'll make democracy together!" the bearded, bespectacled 56-year-old former Roman Catholic bishop told cheering supporters on Sunday night, promising to put the poor first.
"It is the people who will build a democracy we Paraguayans deserve," he told Canal 13 television early on Monday. Local media trumpeted Lugo's victory. Daily newspaper ABC carried a banner headline proclaiming "a dirty and degrading transition" under the Colorado Party had finally been buried. Two other newspapers led with the headline "Amen!".
Lugo calls himself an independent and has steered clear of Latin America's more radical left-wing leaders, such as Venezuela's Hugo Chavez and Evo Morales in Bolivia.

Copyright Reuters, 2008

Comments

Comments are closed.