Ecuadorian President Rafael Correa was sworn in for a second term on Monday. The inauguration fell on the same day as Ecuador’s bicentennial celebration. On the first day of his new term, Correa called for the Union of South American Nations, or UNASUR, to negotiate a regional monetary agreement and to move ahead with establishing a new multilateral lending agency.

Rafael Correa: “Facing this global crisis that we are living through, which is one of the most serious crises of the capitalist system, we have to find profound solutions, solutions that are not going to be found within the collapsing system. We have to construct creative, revolutionary answers in order to build something new, something better.”