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(From Political Risk Services)
The so-called "institutional majority" patched together by President Gutierrez in November 2004 appeared to be on the verge of collapse in late March, after the president of the Supreme Court annulled the embezzlement convictions of former President Abdala Bucaram, clearing the way for his return from self-imposed exile in Panama. Winning Bucaram's freedom fulfills what has long been suspected was Gutierrez's main pledge to win the support of the PRE, which is keen to see Bucaram stand as its presidential candidate in 2006. However, the development is unlikely to please Alvaro Noboa, the second-place finisher in 2002, who still harbors presidential hopes of ...