Supermarket Magnate Wins Panama Presidency
4 May 2009, 7:16 AM. By Cindy Casares
A conservative supermarket owner won a landslide victory in Panama’s presidential election, in a rare win for the political right in the region. Ricardo Martinelli, a multimillionaire who financed his own campaign, vowed to expand investment in the Panama Canal and introduce a flat tax. “We can’t continue to have a country where 40% of Panamanians are poor,” he said in his victory speech.
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