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15 December 2008

Daily archive · 11 posts

Stories from 15 December 2008

Ecuador: Default on External Debt

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Ecuadorian President Rafael Correa recently announced that his country will not repay back its remaining external debt. Citing the economic crisis, Correa calls the debt, “immoral and illegitimate” and he echoes the sentiments of ordinary Ecuadorans who say that they cannot pay anymore. Bloggers wonder whether the report that supported this decision was too partisan and what it might mean for the country's future.

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