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Ecuador Agrees to Resume Fuel Subsidies After Weeks of Violent Protests
By Grace Mandry, Associate Editor For the past two weeks, the world has watched as conflicts unfolded in Northern Syria, Turkey, and the streets of Hong Kong. Meanwhile, in South America, thousands of protestors shut down the streets of Quito, the capital of Ecuador. Violence erupted after the President, LenĂn Moreno, announced the end of fuel subsidies and controversial labor reforms. The protests are the biggest to occur in years. The government announced the law, Decree 883, as an austerity measure in an effort to secure a $4.2 billion loan from the International Monetary Fund (IMF). President Moreno initially signed the agreement in March. Decree 883 ended forty years of…