Monday, February 8, 2010

Costa Rica elects New President

A landslide victory for Laura Chinchilla is on the cards as she holds a 22 per cent lead over her closest rival, with the majority of votes from Sunday's election counted. Her 47 percent share of the vote was well beyond the 40 percent needed to avoid a run-off.

Laura will be Costa Rica's first woman president and is a protege of current president Oscar Arias.

Her campaign was based on a continuance of the free market policies in Central America's most stable nation and she has promised to pursue the same economic policies that recently brought the country into a trade pact with the U.S. and opened commerce with China.

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