Florencia Vazquez,Gustavo Arruda,Marcelo Carvalho,Nader Nazmi - Market Economics
Daily Latam Spotlight | 04 Dec 2012 06:00 |
Colombia: Record-low popularity for President Santos
COLOMBIA
Colombian President Santos’ support falls sharply. President Santos’s approval rating fell 15pp in one month to a record low of 45% in November. This was likely driven by a court ruling in favour of Nicaragua and against Colombia in a dispute over territorial waters in the Caribbean Sea. Last month, the International Court of Justice in the Hague ordered Colombia to give sovereignty of some territorial waters to Nicaragua. This order reduces Colombia's maritime borders in the Caribbean Sea and has prompted Colombia to withdraw from the International Court of Justice.
The peace negotiations between the government and the armed, illegal FARC organization gave President Santos a temporary popularity boost, which was bound to fade near term since any progress in these negotiations will be slow. Only 32% would support Santos’ re-election in 2014, while 61% oppose it.
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