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Pérez assumes presidency in Guatemala. Nation very near moral and economic bankrupcy

Monday, January 16, 2012

Retired general Otto Pérez was sworn in Saturday as president of Guatemala, promising to restore order in a country awash in drug-related violence and near the brink of bankruptcy.

Pérez, 61, vowed to use his four-year term to fight corruption and impunity, put public finances on a sounder footing and restore public respect for authority.

But Pérez acknowledged the depth of problems facing the Central American country, where half of the 14.3-million-strong population lives in poverty, calling it "a nation very near moral and economic bankruptcy."

Original source: AFP