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Panama Elects New President In Juan Carlos Varela

We arrived home last night after a week in the States to a near-deserted airport and empty city streets. Panama was busy electing herself a new president.

The verdict came down as we were driving from the airport to downtown. Juan Carlos Varela will sit in this country’s hot seat for the next five years.

Coincidentally, President-elect Varela lives in the same apartment building we do. As we approached, we saw two-dozen vehicles waiting outside and the newly elected president-to-be walking out of the lobby. Varela was whisked off to give his acceptance speech across town.

What does Varela mean for Panama? More to the point, what does Varela mean for the retiree, expat, and investor in Panama? Our Panama City-based editorial team will have a complete Election Report for subscribers of our Panama Letter next issue.

Continue reading: “Poor Economy” Is Top Reason For An American To Retire Overseas

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