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The Ecuador Lawsuit.

Fool me once – Ecuador and the capital markets – The Economist

Date: Jun 10, 2014

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.

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