Santos Says Colombia in Final Phase of Peace Talks as Sworn In

by Andrea Jaramillo, Bloomberg News

Aug 07, 2014

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"Former Finance Minister Oscar Ivan Zuluaga, who ran against Santos and got 45 percent of the votes, had promised a “full-frontal assault on terrorism.”

While warning the rebels about the consequences of continued attacks, Santos is unlikely to end the talks, said Cynthia Arnson, director of the Latin American program at the Woodrow Wilson International Center for Scholars in Washington.

Campaign Centerpiece

“Santos made the peace process the centerpiece of his campaign,” Arnson said in a telephone interview. He “has way too much staked on a successful outcome for him to break it off at this point.”

Ecopetrol SA, Colombia’s largest oil producer, said July 31 that second-quarter profit fell 18 percent after pipeline disruptions caused by rebel attacks and community blockades reduced production and increased costs."

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