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Ecuador Political News

Bloomberg – Correa May Sell Foreign Bonds, Lauds ‘Weak Dollar’

Ecuador President Rafael Correa discusses potential sale of foreign bonds, following the country’s default on earlier bonds:

Ecuador’s dollar debt yields an average 10.1 percentage points more than U.S. Treasuries, the most among major developing nations after Venezuela, a sign of investor concern after the government defaulted on bonds in 1999 and declared $3.2 billion of notes invalid in 2008.

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