Honduras: the devastating effects of the June 28th
coup on the Honduran economy are not likely to be
undone by illegitimate elections
Whether one sides with the ousted President Manuel Zelaya or with the interim leader Roberto Micheletti, there is no denying the devastating impact of the June 28 anti-Zelaya coup d’etat on the Honduran economy. With the November 29 election of Porfirio ‘Pepe’ Lobo of the conservative Partido Nacional, backers of the status quo hope that Honduras can resolve its conflicts and begin a new path to economic recovery. However, even with Micheletti briefly stepping down during the election period to add much needed validity to the process, the legitimacy of the ballot and the integrity of Lobo are both ruinously compromised as the elections were held without Zelaya’s participation and thus carried out under an unlawful framework.
While Washington has troubled much of the world community by giving the de facto government the go ahead and recognizing the outcome of Sunday’s election, a majority of Latin American countries will not acknowledge Lobo as the legitimate winner of the presidential ballot. Hope for an economic recovery in the near future has been all but squandered unless Congress votes today to return Zelaya to office, which will allow him to hand over the Presidency to his successor in January.