IBOV 177,726.17 ▼ 0.09% IPSA 11,157.69 ▲ 1.47% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,156,332 ▼ 1.02% COLCAP 2,344.80 ▼ 1.26% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.12▲ 0.05% USD/MXN17.25▲ 0.12% USD/CLP913.25▲ 0.25% USD/COP3,174▼ 1.04% USD/PEN3.38▼ 0.27% USD/ARS1,496▼ 0.03% USD/UYU40.26▲ 1.28% USD/PYG5,932▲ 1.24% USD/BOB12.02▲ 0.04% USD/DOP58.08▲ 1.21% USD/CRC448.18▲ 1.25% USD/GTQ7.63▲ 2.14% USD/HNL26.78▲ 1.43% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.03% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.36% USD/TTD 6.66 — 0.00% EUR/BRL5.91▼ 0.22% BRENT 79.76 ▲ 0.39% WTI 75.45 ▲ 0.31% IRON ORE 161.91 — — COPPER 6.78 ▲ 1.17% GOLD 4,336 ▲ 2.12% SILVER 62.15 ▲ 0.07% SOY 1,175 ▲ 2.04% CORN 460.75 ▲ 5.50% WHEAT 646.00 ▲ 0.58% COFFEE 311.50 ▼ 4.71% SUGAR 15.13 ▼ 0.13% ORANGE JUICE 156.25 ▼ 2.16% COTTON 82.92 ▲ 1.32% COCOA 5,823 ▼ 1.00% BEEF 229.43 ▼ 1.09% CATTLE 348.78 ▼ 0.69% LITHIUM 72.65 ▲ 1.34% PETR4 41.93 ▼ 1.34% VALE3 76.66 ▲ 0.46% ITUB4 42.38 ▲ 0.67% BBDC4 18.05 ▼ 0.76% ABEV3 15.84 ▼ 0.19% BBAS3 21.05 ▲ 0.29% B3SA3 15.55 ▼ 0.96% WEGE3 48.80 ▼ 0.75% PRIO3 59.20 ▲ 1.28% SUZB3 42.84 ▼ 0.42% RENT3 39.20 ▲ 0.28% AZZA3 15.96 ▼ 0.50% CSAN3 3.91 ▼ 3.46% RAIZ4 0.26 ▼ 7.14% PCAR3 2.94 ▲ 6.91% GMAT3 3.89 ▼ 1.52% PSSA3 53.48 ▼ 1.42% CVCB3 1.55 ▲ 12.32% POSI3 3.46 ▼ 1.14% SLCE3 13.51 ▼ 0.44% NATU3 8.30 ▼ 1.43% BRKM5 5.87 ▲ 0.69% RANI3 8.39 ▲ 0.60% CSNA3 4.89 ▲ 2.09% CMIN3 5.90 ▼ 0.17% USIM5 7.46 ▼ 0.80% GGBR4 26.31 ▲ 1.70% ENEV3 26.98 ▼ 0.66% CPFE3 46.09 ▼ 0.56% CMIG4 11.25 ▼ 0.27% EQTL3 39.18 ▼ 0.08% LREN3 13.67 — 0.00% VIVT3 31.21 ▼ 1.39% RAIL3 13.99 ▼ 0.92% KLABIN 18.64 ▲ 2.14% RAIA DROGASIL 20.55 ▲ 5.87% RDOR3 34.45 ▲ 0.15% HAPV3 11.11 ▼ 5.69% FLRY3 17.36 ▼ 0.74% SMTO3 14.30 ▲ 2.58% UGPA3 32.41 ▼ 0.58% VBBR3 35.09 ▼ 0.99% BBSE3 41.67 ▼ 0.95% BPAC11 56.81 ▲ 0.11% CURY3 32.03 ▲ 0.88% AERI3 2.30 ▲ 5.02% VIVARA 22.29 ▼ 1.37% COMPASS 24.22 ▼ 1.54% VAMOS 3.32 ▼ 0.30% SANB11 29.48 ▲ 1.31% ASAI3 8.83 ▲ 1.96% SBSP3 27.71 ▼ 1.07% WALMEX 48.65 ▼ 2.49% GMEXICO 222.65 ▲ 1.95% FEMSA 214.59 ▼ 1.29% CEMEX 19.90 ▼ 0.90% GFNORTE 199.03 ▲ 0.66% BIMBO 61.37 ▲ 0.77% TELEVISA 9.49 ▼ 1.35% AMX 20.74 ▼ 3.45% GAP 374.00 ▼ 1.85% ASUR 272.93 ▼ 1.22% OMA 235.58 ▼ 1.36% KOF 187.07 ▼ 0.26% GRUMA 256.62 ▼ 2.44% KIMBER 40.27 ▼ 0.10% SQM-B 63,950 ▲ 2.40% COPEC 6,288 ▲ 0.95% BSANTANDER 80.20 ▲ 1.01% FALABELLA 6,346 ▲ 1.37% ENELAM 87.05 ▼ 0.74% CENCOSUD 2,020 ▲ 1.66% CMPC 1,030 ▼ 0.95% BANCO CHILE 190.22 ▲ 0.63% LATAM AIR 26.38 ▲ 3.65% YPF 7,675 ▼ 2.10% GGAL 7,630 ▼ 1.42% PAMPA 5,310 ▼ 0.93% TXAR 681.00 ▲ 5.66% ALUAR 945.50 ▲ 1.34% TGS 9,270 ▼ 1.70% CEPU 2,259 ▼ 1.70% MIRGOR 1,640 — 0.00% COME 41.47 ▼ 1.03% LOMA NEGRA 3,490 ▲ 0.36% BYMA 288.75 ▼ 0.94% TELECOM ARG 4,345 ▲ 0.23% ECOPETROL 16.39 ▲ 0.49% BANCOLOMBIA 90.11 ▲ 0.11% GRUPO AVAL 5.30 ▲ 1.73% CREDICORP 394.88 ▲ 0.70% SOUTHERN COPPER 197.00 ▲ 0.94% BUENAVENTURA 33.00 ▲ 2.29% MERCADOLIBRE 1,923 ▲ 1.80% NUBANK 14.48 ▲ 1.05% XP 16.98 ▲ 0.06% PAGSEGURO 9.40 ▼ 1.05% STONE 11.17 ▼ 0.53% GLOBANT 38.38 ▲ 0.66% TECNOGLASS 47.75 ▲ 3.22% GAP AIRPORT 217.52 ▼ 1.44% ASUR 272.93 ▼ 1.22% OMA AIRPORT 109.61 ▼ 1.25% AMX ADR 24.02 ▼ 3.46% FEMSA ADR 124.37 ▼ 1.51% CEMEX ADR 11.55 ▼ 0.52% PETROBRAS ADR 18.36 ▼ 1.92% VALE ADR 14.94 ▲ 0.74% ITAU ADR 8.21 ▲ 0.24% SANTANDER BR 5.79 ▲ 1.94% AMBEV ADR 3.03 ▼ 0.33% CSN 0.98 ▲ 4.98% GERDAU 5.14 ▲ 0.78% LATAM ADR 57.70 ▲ 3.67% BTC 64,744 ▲ 0.23% ETH 1,907 ▲ 0.02% SOL 73.56 ▼ 0.54% XRP 1.05 ▼ 1.18% BNB 593.84 ▲ 0.10% ADA 0.19 ▼ 1.44% DOGE 0.07 ▼ 0.85% AVAX 6.61 ▼ 0.63% LINK 8.10 ▼ 0.59% DOT 0.83 ▼ 1.38% LTC 44.96 ▼ 0.69% BCH 211.85 ▼ 1.15% TRX 0.33 ▼ 0.02% XLM 0.16 ▼ 2.87% HBAR 0.07 ▼ 1.09% NEAR 1.68 ▼ 0.85% ATOM 1.33 ▼ 1.69% AAVE 88.36 ▼ 1.54% SELIC 14.00% EMBRAER 93.01 ▲ 2.76% EMBRAER ADR 72.78 ▲ 3.20% JBS 13.70 ▲ 0.66% JBS BDR 70.54 ▲ 0.67% MBRF3 16.77 ▼ 0.95% MBRFY 3.12 ▼ 4.59% INTER 5.71 ▲ 0.18% IBOV 177,726.17 ▼ 0.09% IPSA 11,157.69 ▲ 1.47% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,156,332 ▼ 1.02% COLCAP 2,344.80 ▼ 1.26% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.12 ▲ 0.05% USD/MXN 17.25 ▲ 0.12% USD/CLP 913.25 ▲ 0.25% USD/COP 3,174 ▼ 1.04% USD/PEN 3.38 ▼ 0.27% USD/ARS 1,496 ▼ 0.02% USD/UYU 40.26 ▲ 1.28% USD/PYG 5,932 ▲ 1.44% USD/BOB 12.02 ▲ 0.44% USD/DOP 58.08 ▼ 0.38% USD/CRC 448.18 ▲ 1.60% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.70% USD/TTD 6.66 — 0.00% EUR/BRL 5.91 ▼ 0.24% BRENT 79.76 ▲ 0.39% WTI 75.45 ▲ 0.31% IRON ORE 161.91 — — COPPER 6.78 ▲ 1.17% GOLD 4,336 ▲ 2.12% SILVER 62.15 ▲ 0.07% SOY 1,175 ▲ 2.04% CORN 460.75 ▲ 5.50% WHEAT 646.00 ▲ 0.58% COFFEE 311.50 ▼ 4.71% SUGAR 15.13 ▼ 0.13% ORANGE JUICE 156.25 ▼ 2.16% COTTON 82.92 ▲ 1.32% COCOA 5,823 ▼ 1.00% BEEF 229.43 ▼ 1.09% CATTLE 348.78 ▼ 0.69% LITHIUM 72.65 ▲ 1.34% PETR4 41.93 ▼ 1.34% VALE3 76.66 ▲ 0.46% ITUB4 42.38 ▲ 0.67% BBDC4 18.05 ▼ 0.76% ABEV3 15.84 ▼ 0.19% BBAS3 21.05 ▲ 0.29% B3SA3 15.55 ▼ 0.96% WEGE3 48.80 ▼ 0.75% PRIO3 59.20 ▲ 1.28% SUZB3 42.84 ▼ 0.42% RENT3 39.20 ▲ 0.28% AZZA3 15.96 ▼ 0.50% CSAN3 3.91 ▼ 3.46% RAIZ4 0.26 ▼ 7.14% PCAR3 2.94 ▲ 6.91% GMAT3 3.89 ▼ 1.52% PSSA3 53.48 ▼ 1.42% CVCB3 1.55 ▲ 12.32% POSI3 3.46 ▼ 1.14% SLCE3 13.51 ▼ 0.44% NATU3 8.30 ▼ 1.43% BRKM5 5.87 ▲ 0.69% RANI3 8.39 ▲ 0.60% CSNA3 4.89 ▲ 2.09% CMIN3 5.90 ▼ 0.17% USIM5 7.46 ▼ 0.80% GGBR4 26.31 ▲ 1.70% ENEV3 26.98 ▼ 0.66% CPFE3 46.09 ▼ 0.56% CMIG4 11.25 ▼ 0.27% EQTL3 39.18 ▼ 0.08% LREN3 13.67 — 0.00% VIVT3 31.21 ▼ 1.39% RAIL3 13.99 ▼ 0.92% KLABIN 18.64 ▲ 2.14% RAIA DROGASIL 20.55 ▲ 5.87% RDOR3 34.45 ▲ 0.15% HAPV3 11.11 ▼ 5.69% FLRY3 17.36 ▼ 0.74% SMTO3 14.30 ▲ 2.58% UGPA3 32.41 ▼ 0.58% VBBR3 35.09 ▼ 0.99% BBSE3 41.67 ▼ 0.95% BPAC11 56.81 ▲ 0.11% CURY3 32.03 ▲ 0.88% AERI3 2.30 ▲ 5.02% VIVARA 22.29 ▼ 1.37% COMPASS 24.22 ▼ 1.54% VAMOS 3.32 ▼ 0.30% SANB11 29.48 ▲ 1.31% ASAI3 8.83 ▲ 1.96% SBSP3 27.71 ▼ 1.07% WALMEX 48.65 ▼ 2.49% GMEXICO 222.65 ▲ 1.95% FEMSA 214.59 ▼ 1.29% CEMEX 19.90 ▼ 0.90% GFNORTE 199.03 ▲ 0.66% BIMBO 61.37 ▲ 0.77% TELEVISA 9.49 ▼ 1.35% AMX 20.74 ▼ 3.45% GAP 374.00 ▼ 1.85% ASUR 272.93 ▼ 1.22% OMA 235.58 ▼ 1.36% KOF 187.07 ▼ 0.26% GRUMA 256.62 ▼ 2.44% KIMBER 40.27 ▼ 0.10% SQM-B 63,950 ▲ 2.40% COPEC 6,288 ▲ 0.95% BSANTANDER 80.20 ▲ 1.01% FALABELLA 6,346 ▲ 1.37% ENELAM 87.05 ▼ 0.74% CENCOSUD 2,020 ▲ 1.66% CMPC 1,030 ▼ 0.95% BANCO CHILE 190.22 ▲ 0.63% LATAM AIR 26.38 ▲ 3.65% YPF 7,675 ▼ 2.10% GGAL 7,630 ▼ 1.42% PAMPA 5,310 ▼ 0.93% TXAR 681.00 ▲ 5.66% ALUAR 945.50 ▲ 1.34% TGS 9,270 ▼ 1.70% CEPU 2,259 ▼ 1.70% MIRGOR 1,640 — 0.00% COME 41.47 ▼ 1.03% LOMA NEGRA 3,490 ▲ 0.36% BYMA 288.75 ▼ 0.94% TELECOM ARG 4,345 ▲ 0.23% ECOPETROL 16.39 ▲ 0.49% BANCOLOMBIA 90.11 ▲ 0.11% GRUPO AVAL 5.30 ▲ 1.73% CREDICORP 394.88 ▲ 0.70% SOUTHERN COPPER 197.00 ▲ 0.94% BUENAVENTURA 33.00 ▲ 2.29% MERCADOLIBRE 1,923 ▲ 1.80% NUBANK 14.48 ▲ 1.05% XP 16.98 ▲ 0.06% PAGSEGURO 9.40 ▼ 1.05% STONE 11.17 ▼ 0.53% GLOBANT 38.38 ▲ 0.66% TECNOGLASS 47.75 ▲ 3.22% GAP AIRPORT 217.52 ▼ 1.44% ASUR 272.93 ▼ 1.22% OMA AIRPORT 109.61 ▼ 1.25% AMX ADR 24.02 ▼ 3.46% FEMSA ADR 124.37 ▼ 1.51% CEMEX ADR 11.55 ▼ 0.52% PETROBRAS ADR 18.36 ▼ 1.92% VALE ADR 14.94 ▲ 0.74% ITAU ADR 8.21 ▲ 0.24% SANTANDER BR 5.79 ▲ 1.94% AMBEV ADR 3.03 ▼ 0.33% CSN 0.98 ▲ 4.98% GERDAU 5.14 ▲ 0.78% LATAM ADR 57.70 ▲ 3.67% BTC 64,744 ▲ 0.23% ETH 1,907 ▲ 0.02% SOL 73.56 ▼ 0.54% XRP 1.05 ▼ 1.18% BNB 593.84 ▲ 0.10% ADA 0.19 ▼ 1.44% DOGE 0.07 ▼ 0.85% AVAX 6.61 ▼ 0.63% LINK 8.10 ▼ 0.59% DOT 0.83 ▼ 1.38% LTC 44.96 ▼ 0.69% BCH 211.85 ▼ 1.15% TRX 0.33 ▼ 0.02% XLM 0.16 ▼ 2.87% HBAR 0.07 ▼ 1.09% NEAR 1.68 ▼ 0.85% ATOM 1.33 ▼ 1.69% AAVE 88.36 ▼ 1.54% SELIC 14.00% EMBRAER 93.01 ▲ 2.76% EMBRAER ADR 72.78 ▲ 3.20% JBS 13.70 ▲ 0.66% JBS BDR 70.54 ▲ 0.67% MBRF3 16.77 ▼ 0.95% MBRFY 3.12 ▼ 4.59% INTER 5.71 ▲ 0.18%
since 2009
Thursday, August 6, 2026

What is cross-death, and what does it mean for Lasso in Ecuador?

By · May 17, 2023 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Juan Pablo Álvarez*

The Ecuadorian president decided to dissolve the National Assembly and call for elections, a mechanism stipulated in the 2008 Constitution.

Guillermo Lasso was cornered: the impeachment trial against him was about to end his presidency.

Faced with this extreme situation, the President of Ecuador made an extreme decision: to resort to the constitutional mechanism colloquially called the “cross-death.”

Ecuador’s President, Guillermo Lasso (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

WHAT DOES “CROSS DEATH” MEAN, AND WHAT DOES IT CONSIST OF?

This figure was incorporated in the 2008 Constitution at the height of former President Rafael Correa’s term in office.

Precisely, Article 148 of the Magna Carta, sanctioned fifteen years ago, describes:

“The President of the Republic may dissolve the National Assembly when, in his or her judgment, it has assumed functions that are not constitutionally within its competence, after a favorable opinion of the Constitutional Court; or if it repeatedly and unjustifiably obstructs the execution of the National Development Plan, or due to serious political crisis and internal commotion.”

Likewise, the same article warns that such power may be exercised “only once in the first three years of his term of office” (Lasso has two).

In short, the cross-death allows the President to dissolve the National Assembly and call for elections, both for legislative positions and the Presidency, so Ecuadorians must go to the polls to elect President and Assembly members.

 

WHAT ARE THE DEADLINES FOR THE CROSS-DEATH?

“In a maximum term of seven days after the publication of the dissolution decree, the National Electoral Council will call for the same date for legislative and presidential elections for the rest of the respective periods”, mandates the Constitution.

Until the installation of the National Assembly, the President of the Republic may, prior favorable opinion of the Constitutional Court, issue decrees-laws of economic urgency, which may be approved or repealed by the legislative body.

AN UNPRECEDENTED DECISION

Until now, no President of the Republic had ever used the cross death.

Lasso reached this extreme situation because he knew that if the impeachment trial against him went forward, the Assembly would remove him from office.

“I have signed Executive Decree 741 to dissolve the National Assembly and request the National Electoral Council (CNE) to call for elections, ” Lasso said.

He added: “Ecuadorians: this is the best decision to give a constitutional solution to the political crisis and internal commotion that Ecuador is going through and give back to the Ecuadorian people the power to decide their future in the next elections”.

https://twitter.com/Presidencia_Ec/status/1658818272303755265?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1658818272303755265%7Ctwgr%5E4f4488fccd4524ed21ec9b091870156162a0bd51%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.bloomberglinea.com%2Flatinoamerica%2Fecuador%2Fque-es-la-muerte-cruzada-en-que-consiste-y-que-significa-para-lasso-en-ecuador%2F

 

RAFAEL CORREA’S REACTION

Former President Rafael Correa, under whose mandate the 2008 Constitution was sanctioned, accused Lasso of resorting to illegality.

“Ecuadorians: this is illegal. There is no state of internal commotion but a political trial in applying the Constitution.”

“In any case, this is the great opportunity to send home Lasso, his Government, and his rent-a-legislators.”

“Today, more united than ever, until the victory, always!” Correa wrote on Twitter.

*Degree in Journalism from Universidad Nacional de Lomas de Zamora, with a postgraduate degree in Investigative Journalism from Universidad Del Salvador. Specialized in finance. He worked at Diario Perfil, Ámbito Financiero and El Cronista.

With information from Bloomberg

News Ecuador, English news Ecuador, Ecuadorian politics

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.