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"He's going to activate the productive sector," said Patricio Quienacho, 48, the owner of a computer business who voted "yes" on Sunday in large part because he believes Correa will spur job growth through a program that offers five-year $5,000 business loans at 5 percent interest. But many wonder how Correa will pay for all his ambitious social programs. "I don't know that we have all the resources to really guarantee all that he's offering," said Carlos Roman, a 57-year-old engineer who voted against the new charter. "It's dangerous for the country." A third of the national budget comes from oil revenues and Correa has had the good fortune of oil prices soaring well above $100 per barrel, providing Ecuador with revenues of $4.8 billion this year alone. Some in Correa's badly splintered and debilitated opposition contend he's creating a Venezuela-style autocracy. But while Correa followed Hugo Chavez's lead by pushing for a new constitution to help him consolidate power, he has kept the Venezuelan president at arm's length. Unlike Chavez and Bolivian President Evo Morales, Correa has not moved to nationalize telecommunications and electrical utility companies or pledged to establish closer relations with Russia. And although Correa has opted not to renew the lease that allows U.S. anti-narcotics missions to fly out of a coastal airport in Manta, U.S. diplomats praise Ecuador's drug-fighting cooperation. The lease expires late next year.
[Associated
Press;
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