
Nicaragua’s Central Bank President Antenor Rosales quit following a disagreement with President Daniel Ortega over the use of foreign currency reserves to fund a regional bank for the Venezuelan-led bloc of eight nations known as Alba, (Bolivarian Alternative for the Americas).

Nicaraguan President Daniel Ortega lashed out at Israel and condemned the killing of former Libyan dictator Muammar Qaddafi while being sworn into office this week alongside Iran and Venezuela presidents.

The so called ‘progressive’ Latin American governments not only did they not support the revolution wave later known as the “Arab Spring” but openly and repeatedly backed the regimes against which the peoples of those countries rebelled.

Nicaragua President Daniel Ortega, a former Marxist guerrilla leader, was headed for a landslide victory in Sunday's presidential election. Preliminary results showed Ortega, who has cemented his hold on power with social spending for the poor, had 63.7% support based on a count of votes from 18% of polling stations.