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12-16-2008, 04:22 AM
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Join Date: Oct 2008
Posts: 49
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Emerging Market Highlights: Ecuador, Latin America, and the Russian Ruble
Last Friday, the president of Ecuador announced that the country would be defaulting on some of its foreign debt – specifically on its December 15th payment. A MarketWatch article entitled: “Ecuador Defaults on its Foreign Debt,” states that “Correa said Friday that the Andean country will not pay a $31 million coupon on the 2012 [...]
complete article here... |
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