http://globalvoicesonline.org/2008/12/15/ecuador-default-on-external-debt/ The world is talking. Are you listening? Thu, 26 Nov 2009 15:02:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://globalvoicesonline.org/2008/12/15/ecuador-default-on-external-debt/comment-page-1/#comment-1539728 JRW Mon, 15 Dec 2008 15:33:45 +0000 http://globalvoicesonline.org/?p=53975#comment-1539728 OK, but ordinary workers with bank accounts are not victims of overreaching, self-dealing, and misconduct by their local banks as some international lenders and their advisors were during the debt negotiations. so retail banking customers should not be misled into thinking they are in similar position as the country is with its global debt. And why should any country recognize as legitimate its debt when the negotiating parties perpetrated such misconduct? a new standard of international lending practices must be established for the South, and this may very well be the best time to raise the consciousness of all lending stakeholders. OK, but ordinary workers with bank accounts are not victims of overreaching, self-dealing, and misconduct by their local banks as some international lenders and their advisors were during the debt negotiations. so retail banking customers should not be misled into thinking they are in similar position as the country is with its global debt. And why should any country recognize as legitimate its debt when the negotiating parties perpetrated such misconduct? a new standard of international lending practices must be established for the South, and this may very well be the best time to raise the consciousness of all lending stakeholders.

]]> http://globalvoicesonline.org/2008/12/15/ecuador-default-on-external-debt/comment-page-1/#comment-1539704 Andy of HoboTraveler.com Mon, 15 Dec 2008 10:54:35 +0000 http://globalvoicesonline.org/?p=53975#comment-1539704 I am sad about Ecudaor, I was there when the Sucre was crashing and they changed over to dollars. I am never clear on how these countrie work, always the next problem. Thanks from Andy in HoboTraveler.com in Guatemala <a href="http://www.hobotraveler.com/blogger.html" rel="nofollow">Travel Blog</a> and <a href="http://www.hobohideout.com" rel="nofollow">Hotels</a> I am sad about Ecudaor, I was there when the Sucre was crashing and they changed over to dollars. I am never clear on how these countrie work, always the next problem. Thanks from Andy in HoboTraveler.com in Guatemala Travel Blog and Hotels

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