Ecuador Political News
Fool me once – Ecuador and the capital markets – The Economist
ECUADOR will start to test the memory spans of financial markets today, when it begins a roadshow to peddle new sovereign bonds. Five and a half years ago, President Rafael Correa (pictured) refused to honour $3.2 billion of bonds due in 2012 and 2030 owed to “true monsters”, as he called foreign bondholders at the time. Now he wants to do business with the ogres again. Read more >>
ECUADOR will start to test the memory spans of financial markets today, when it begins a roadshow to peddle new sovereign bonds. Five and a half years ago, President Rafael Correa (pictured) refused to honour $3.2 billion of bonds due in 2012 and 2030 owed to “true monsters”, as he called foreign bondholders at the time. Now he wants to do business with the ogres again. <a href="http://www.economist.com/blogs/americasview/2014/06/ecuador-and-capital-markets" target="_blank">Read more >></a>
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