Bloomberg Businessweek

A Failed Peace Process Could Mean More Pain

Colombia may pay an economic price for rejecting the FARC deal | “This will significantly increase the probability of a ... downgrade”
Supporters of the treaty with FARC in Bogotá on Oct. 3. The sign reads: “For a Colombia in peace, sit here”

Colombians shocked the world when they voted by the narrowest of margins to reject a peace accord with the Revolutionary Armed Forces of Colombia, or FARC. If it had gone the other way, the Oct. 2 vote would have ended the 52-year-old conflict. Instead, Colombians are now wondering what will happen to the fragile ruling coalition of President Juan Manuel Santos and the cease-fire he engineered as part of the agreement.

The consensus seems to be

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