{"id":47405,"date":"2024-05-30T18:31:52","date_gmt":"2024-05-30T23:31:52","guid":{"rendered":"https:\/\/phrlegal.pixelpro.one\/?p=47405"},"modified":"2024-07-30T18:35:33","modified_gmt":"2024-07-30T23:35:33","slug":"quarterly-investment-outlook-q2-2024","status":"publish","type":"post","link":"https:\/\/phrlegal.pixelpro.one\/en\/quarterly-investment-outlook-q2-2024\/","title":{"rendered":"Quarterly Investment Outlook Q1 2024"},"content":{"rendered":"\t\t
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President Gustavo Petro uses the expression \u201cgolpe blando\u201d to mean a style of soft coup-d\u2019\u00e9tat that doesn\u2019t involve force, massive street demonstrations or the actual ouster of a president. Rather, under this concept, the seizure of power can occur subtly, via legal initiatives, investigations for purported wrongdoing and allegations of rogue campaign financing that, sooner or later, can make remaining in the presidency untenable. Petro cherishes this sort of conspiracy theory. A mixture of paranoia and worst-case-scenario analysis, it seems to be a centerpiece of his administration. He contends that ousted Peruvian president Pedro Castillo, for example, was a \u201cgolpe blando\u201d victim.<\/p>

When Petro perceived that the Attorney General\u2019s office was about to move against him over alleged campaign finance irregularities, he called for demonstrators to gather at the Supreme Court of Justice, which is charged with naming a new Attorney General (Petro later denied calling for the demonstration). For some, this episode brought back some of the worst memories of recent Colombian history, linked to the 1985 armed attack of then-M19 guerrilla group against the Justice Palace. Petro once belonged to M19. This was a painful d\u00e9j\u00e0 vu for Colombians, and a revealing episode that lays bare a backbone of the Petro administration. If worse comes to worst, contentious issues could have been be decided in the streets, where Petro believes his followers hold sway. The Supreme Court took its time in choosing a new AG, from a slate of three candidates proposed by Petro himself, but finally appointed Luz Adriana Camargo. Her name was well received.<\/p>

Likewise, there were many reactions to President Gustavo Petro\u2019s idea of convening a Constitutional Assembly. Possibly the most synthesizing one came from constitutional lawyer Juan Manuel Charry, who wrote that Petro doesn\u2019t know whether his role is to subvert the institutional order or to govern (\u201cno sabe si subvertir o gobernar\u201d). Another analyst suggested that the president is basically notifying Colombians that he\u2019s unwilling to use the established rules for changing the Constitution. Yet others argued that, since the president lacks a majority in Congress, he\u2019s announcing that he won\u2019t depend upon that body.<\/p>

According to Petro, \u201cColombian institutions are failing the Constitution and the people\u201d — so the Constitution must be changed. His novel procedure would be to convene \u201copen town hall meetings [for] mobilizing people\u201d to \u201cpurify our institutions \u2026 convoking the people, and not the mafias.\u201d\u00a0<\/p>

A direct consequence of this unprecedented and off-off Broadway approach to writing a new Constitution is that reforms would be pursued not through Congress, but via Constitutional Assembly deliberations. Relations between the Executive branch and Congress would grow further strained, to put it mildly. That\u2019s why the president of Congress, Iv\u00e1n Name, reacted angrily to Petro\u2019s proposal. He demanded that Petro work through Congress. He even warned the president that the Armed Forces would align with the defense of Colombian institutions, and aren\u2019t subject to manipulation by Petro.<\/p>

\u00a0<\/p>

As sad and weird as these events are, we should focus on Colombia\u2019s historical trajectory, and treat Petro\u2019s Constitutional Assembly proposal as one big charade. Colombian institutions would hardly accommodate the disruptive procedures of the president\u2019s idea. But things won\u2019t return to normal soon, since Petro will likely strive to save face. Though this situation won\u2019t get better until it gets worse, we don\u2019t want to speculate on how it will eventually play out: we\u2019re in uncharted waters.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tFull Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

President Gustavo Petro uses the expression \u201cgolpe blando\u201d to mean a style of soft coup-d\u2019\u00e9tat that doesn\u2019t involve force, massive street demonstrations or the actual ouster of a president. Rather, under this concept, the seizure of power can occur subtly, via legal initiatives, investigations for purported wrongdoing and allegations of rogue campaign financing that, sooner […]<\/p>\n","protected":false},"author":67,"featured_media":46458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[58],"tags":[],"class_list":["post-47405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novelties-en"],"acf":[],"yoast_head":"\nQuarterly Investment Outlook Q1 2024 - PHR Legal | Posse Herrera Ruiz<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quarterly Investment Outlook Q1 2024 - PHR Legal | Posse Herrera Ruiz\" \/>\n<meta property=\"og:description\" content=\"President Gustavo Petro uses the expression \u201cgolpe blando\u201d to mean a style of soft coup-d\u2019\u00e9tat that doesn\u2019t involve force, massive street demonstrations or the actual ouster of a president. 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