Monday, July 23, 2007

Ecuador says could restructure debt at any moment

(Reuters) - "The government at any moment could decide on a proposal on
debt," Economy Minister Ricardo Patino said minutes before the
naming of the commission to audit the debt. "But only the
government will decide on the right time."




The commission would seek to determine "illegitimate" debt,
or credits acquired by corrupt past administrations and which
leftist President Rafael Correa has threatened not to repay.


Read more at Reuters.com Bonds News

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