Economy & Business - July 2008 (ISSN 1741-7430)

On 8 July the government took over 195 companies belonging to the Isaí­as Group, including two TV channels. The move prompted the resignation of the economy minister, Fausto Ortiz. On 23 July, Robert Andrade, another one-time supporter of President Rafael Correa resigned after the constituent assembly decided to curb the independence of the central bank. Andrade was president of the central bank.