05 September 2009

Foreign Investors Question Uribe Third Term.

COLOMBIA REPORTS.COM.
"Uribe has done a very good job but no matter how good he is, there is a time to step aside," said Nick Padgett, managing director at Chicago-based Frontaura Capital, which invests in frontier markets. "Whenever presidents move to change the constitution to allow them stay it's almost always a terrible idea.The experiences of Russia and Venezuela showed that modifying the constitution to benefit one person ends "badly," Padgett added.