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Presidential commission recommends Ecuador default on 'illegitimate' bond payments; accuses former officials of fraud

November 23, 2008 10:13 by Admin
A presidential commission on Thursday recommended that Ecuador default on almost 40 percent of its $10 billion foreign debt, accusing former officials and bankers of profiting from "illegitimate" bond deals. President Rafael Correa, a leftist U.S.-trained economist, said he wo... [More]
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