Going gang-buster: we meet Ecuador’s president
The Intelligence from The Economist
The Economist
4.6 • 3.6K Ratings
🗓️ 27 June 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
Yesterday’s arrest of a notorious gang leader is a win for Daniel Noboa. He assures our journalists he can beat back rampant transnational gangs without trampling democracy. The torrent of big geopolitical news has, perhaps surprisingly, not much moved the markets; we ask why. And the next instalment of our “Archive 1945” project revisits the founding of the United Nations.
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Transcript
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| 0:00.0 | The Economist. Hello and welcome to the intelligence from The Economist. I'm your host, |
| 0:14.1 | Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:23.9 | As we've lurched from one giant news event to another, markets haven't dipped much or for long. |
| 0:30.9 | In fact, yesterday, the S&P 500 and NASDAQ closed near record highs. |
| 0:36.6 | It shows a surprising truth about animal spirits. |
| 0:39.3 | Big geopolitical trauma just doesn't keep them down. |
| 0:43.3 | And the next installment of our Archive 1945 project, |
| 0:48.3 | which relives the economists reporting on the last days of war in Europe. |
| 0:53.3 | This week, 80 years ago, the founding of the United Nations. |
| 0:57.0 | But first... |
| 1:02.0 | Footage from a body-worn camera shows a bearded man, his face pressed to a tiled floor. |
| 1:17.6 | A gun is held to his head. |
| 1:20.6 | He's asked to state his full name. |
| 1:23.6 | Speak louder, they shout. |
| 1:26.6 | He is Jose Adolfo Massias, better known as Fito, the leader of Ecuador's Los Choneros |
| 1:33.6 | Criminal Group. |
| 1:34.6 | The country's most wanted fugitive was recaptured yesterday after escaping jail last year. |
| 1:44.1 | Afterwards, Ecuador's president, Danieloa posted on X, more will fall, he said. We will reclaim |
| 1:50.2 | the country, no truce. We've done our part to proceed with Fito's extradition to the United States. |
| 1:56.5 | We're awaiting their response. Happy afternoon, Ecuador. Fito's arrest was a win for the uncompromising |
| 2:03.8 | policies of one of the world's youngest and best protected leaders. |
| 2:12.5 | When Mia and I met the president of Ecuador, Daniel Maboa, he'd actually just come back from |
... |
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