"The president of Ecuador, Rafael Correa, has attacked the world capitalist system, blaming it for the current global economic crisis. From the Spanish capital, Madrid, where he is on an official visit, Correa on Friday described the capitalist system and the resulting austerity measures as a political problem that serves the groups in power, and announced that it is the cause of the global economic crisis, since it places markets above people. Likewise, he expressed his concern because the same policies that the International Monetary Fund (IMF) prescribed to Latin America in the 90s are being applied. “It is evident that in the capitalist system, financial capital has supremacy over human beings and they try to convince us that this is how things have to be (…) The problem is not technical, it is political (…) The same things are being committed, in quotes errors that were committed on our continent… And I say in quotes because they are not errors, but rather interests are being protected,” Correa said during a speech given at the Vistalegre Palace, before Ecuadorians residing in Spain."