IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,319,522 ▼ 1.78% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL5.09▲ 0.71% USD/MXN17.52▲ 0.73% USD/CLP945.13▲ 1.02% USD/COP3,200▼ 0.84% USD/PEN3.39▼ 0.24% USD/ARS1,489▲ 0.40% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.33▲ 0.25% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 0.08% BRENT 100.85 ▲ 7.21% WTI 92.50 ▲ 6.53% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.85% GOLD 4,051 ▼ 2.32% SILVER 57.85 ▼ 3.61% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.08 ▼ 2.02% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.34 ▼ 1.81% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 680.00 ▲ 1.80% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,765 ▼ 1.18% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,050 ▼ 1.59% ETH 1,877 ▼ 2.92% SOL 75.91 ▼ 2.56% XRP 1.11 ▼ 2.88% BNB 566.40 ▼ 0.76% ADA 0.17 ▼ 3.33% DOGE 0.07 ▼ 4.76% AVAX 6.29 ▼ 4.94% LINK 8.46 ▼ 1.94% DOT 0.81 ▼ 2.30% LTC 47.04 ▼ 0.07% BCH 211.08 ▼ 4.04% TRX 0.33 ▼ 0.11% XLM 0.18 ▼ 2.61% HBAR 0.07 ▼ 1.84% NEAR 1.88 ▲ 0.80% ATOM 1.42 ▼ 3.17% AAVE 95.53 ▼ 1.88% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 2.83% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR16.81▲ 2.55% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.84▲ 0.42% USD/CNY6.77▼ 0.09% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.26% GBP/USD1.33▼ 0.49% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.70 ▲ 12.38% USD/CAD1.41▼ 0.04% US10Y 4.7030 ▲ 0.99% IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,319,522 ▼ 1.78% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL 5.09 ▲ 0.71% USD/MXN 17.52 ▲ 0.73% USD/CLP 945.13 ▲ 1.02% USD/COP 3,200 ▼ 0.84% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,489 ▲ 0.40% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.33 ▲ 0.14% USD/TTD 6.73 ▲ 1.17% EUR/BRL 5.79 ▼ 0.08% BRENT 100.85 ▲ 7.21% WTI 92.50 ▲ 6.53% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.85% GOLD 4,051 ▼ 2.32% SILVER 57.85 ▼ 3.61% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.08 ▼ 2.02% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.34 ▼ 1.81% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 680.00 ▲ 1.80% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,765 ▼ 1.18% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,050 ▼ 1.59% ETH 1,877 ▼ 2.92% SOL 75.91 ▼ 2.56% XRP 1.11 ▼ 2.88% BNB 566.40 ▼ 0.76% ADA 0.17 ▼ 3.33% DOGE 0.07 ▼ 4.76% AVAX 6.29 ▼ 4.94% LINK 8.46 ▼ 1.94% DOT 0.81 ▼ 2.30% LTC 47.04 ▼ 0.07% BCH 211.08 ▼ 4.04% TRX 0.33 ▼ 0.11% XLM 0.18 ▼ 2.61% HBAR 0.07 ▼ 1.84% NEAR 1.88 ▲ 0.80% ATOM 1.42 ▼ 3.17% AAVE 95.53 ▼ 1.88% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 2.83% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR 16.83 ▲ 2.54% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.78 ▲ 0.42% USD/CNY 6.7667 ▲ 0.04% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1382 ▼ 0.24% GBP/USD 1.3316 ▼ 0.45% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.70 ▲ 12.38% USD/CAD 1.4080 ▼ 0.01% US10Y 4.7030 ▲ 0.99%
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Regional Latin America

Presidential insults and innuendo spark controversy between Ecuador and Argentina

By · March 12, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The president of Ecuador, Lenín Moreno, on Thursday, March 11th, described his Argentine counterpart, Alberto Fernández, as an “international mafioso” and “stupid” in a message posted on social networks with no apparent target, but confirmed by senior sources of the Presidency that it was directed at him.

Lenin Moreno, Ecuador. (Photo internet reproduction)
Lenin Moreno, President of Ecuador. (Photo internet reproduction)
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“Regarding the international mafia gang that operate in sync…,” reads Moreno’s tweet, which includes a picture and a quote from writer Mark Twain: “Never argue with stupid people, they will drag you down to their level and then beat you with experience.”

The message has been spread through networks and by the Ecuadorian Presidency’s Whatsapp group of journalists with no personal imputation, but a senior source in Carondelet, seat of the Executive, confirmed that the targets of the message are Fernández and former Ecuadorian president Rafael Correa.

This was apparently a reaction to statements made Tuesday by the Argentine president in an interview with Channel 5 news (CN5) in which he referred to the estrangement between Moreno and his former vice president Jorge Glas, in prison since 2017, when asked about a potential rupture with his vice-president Cristina Fernández.

“I am not Lenín Moreno. I am not Lenín Moreno ok? Anyone who thinks so does not know me. I may have differences with Cristina. I have them, I didn’t have them, I do have them. We have different views on many things or on some, I do not know if on many. But I got here with Cristina and I’m leaving here with Cristina,” said the Argentine ruler.

Glas has been in prison since 2017 for a corruption case related to a scheme involving Brazilian construction company Odebrecht and, like his associates, he considers himself to be the target of political persecution.

The Ecuadorian government interpreted the comparison made by Fernández as an “unacceptable intervention” in the country’s internal affairs and first issued a “strong protest” in writing from the Ecuadorian Foreign Ministry.

In the letter, the Ecuadorian government said it “does not accept any insulting comparisons to the President of the Republic of Ecuador”, while defending the independence of its Judiciary.

On Wednesday, Ecuador summoned its ambassador in Buenos Aires, Juan José Vásconez, for clarification in order to “proceed to an exhaustive review of Ecuador’s relations with the Government of Fernández and to provide him with the appropriate instructions,” the Ministry of Foreign Affairs said in a brief text.

The exchange of statements was joined Wednesday from Belgium by Ecuador’s left-wing ex-president Correa, who interpreted Fernández’s message as support for his allegations that Moreno carries the image of a “traitor”.

“They will have to make thousands of copies. Lenín Moreno as a synonym for traitor, is already part of the world political dictionary,” Correa wrote on Twitter.

Alberto Fernandez, Argentina. (Photo internet reproduction)
Alberto Fernandez, President of Argentina. (Photo internet reproduction)

Both politicians, who jointly founded the Alianza País movement in 2006 and with which both reached the Presidency of Ecuador, drifted apart in 2017 shortly after Correa left the country by handing over the presidency to Moreno.

In that respect, Moreno’s message yesterday about “the international mafia gang that operate in sync” is also attributable to his predecessor, the source confirmed.

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