6/18/09 – Ecuador’s moves against foreign investors

“Ecuador’s moves against foreign investors”
Reuters, June 18, 2009
“Last year Correa refused to repay $3.2 billion in global bonds over charges the debt was ‘illegally’ acquired by investors in league with corrupt government officials. His government later bought back most of the debt at very low prices, but analyst say the default will keep the Andean nation out of the debt markets for years.”
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