Ecuador is still reeling from the 7.8 magnitude earthquake that shook the country two Saturdays ago. States of emergency were declared for the provinces of Esmeraldas, Los Rios, Manabi, Santa Elena, Guayas and Santo Domingo. The quake was strongly felt in country's capital, Quito, about around 100 miles away.
A smaller 4.5-magnitude quake was recorded along the coast south of Muisne about a half-hour before the magnitude-7.8 quake struck, the USGS said. At least 135 aftershocks followed, one as strong as a magnitude-6, and authorities urged residents to brace for even stronger ones in the following hours and days.
Later, after visiting the coastal city of Manta to see the damage Correa said: "The immediate priority is to rescue people in the rubble. Everything can be rebuilt, but lives cannot be recovered, and that's what hurts the most."
In response to begin the multi-billion dollar reconstruction from all of the infrastructural damage, Correa stated on Wednesday that Ecuador will temporarily increase some taxes, sell assets, and may issue new bonds on the international market.
Sources: NBC News, Reuters,