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Ecuador: agreement reached after days of violent clashes

Fuel price dropped to pre-crisis levels - VIDEO

An agreement was reached this morning at dawn between the delegation of the Ecuadorian natives (Conaie) and President Lenin Moren or after 12 days of violent protests following the austerity measures taken by the country. According to the agreements with the International Monetary Fund (IMF), a credit of over 4 billion dollars would have been provided to Ecuador to revive the economy.

The standard disputed by hauliers, indigenous communities and taxi drivers, is the one on the cancellation of fuel subsidies, in force for over 40 years, which would have recovered about 1.3 billion dollars. During the demonstrations two people died and were so hot to the point that a state of emergency was declared, access to the international airport of Quito was blocked, a curfew was imposed in the capital and the government was moved to the city of Guayaquil. After four hours of negotiations, the price of oil petrol and diesel fell to pre-crisis levels this morning.

President Moreno said: "This is a solution for peace and for the Country".

Below, an "Al-Jazeera" report on the protests:

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