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.

Colombian Senate Approves Uribe's 3rd Term Referendum.

AP

A bill calling for a referendum to change the constitution and allow President Alvaro Uribe to run for a third term was approved by the senate 56-2.

The measure will be voted on by the lower House next week.