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Article: Constraints arise for Ecuador's radicalism.
- Article from:
- Market Latin America
- Article date:
- August 1, 2007
CopyrightCOPYRIGHT 2007 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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To read the alarming reports about Ecuador in the international financial press, one would think that the country was on the verge of collapse. Certainly, the tone of the rhetoric used by the current, ostensibly left leaning, president (inaugurated mid-January 2007) is worrisome. Broad hints that Ecuador was not prepared to pay its sovereign obligations unnerved many investors.
And the recent secretly video taped remarks by Ecuador's Finance Minister in a February 12, 2007 meeting with an investment firm to the effect that he, the Finance Minister, was prepared to "scare" the financial markets created a scandal in Ecuador. One participant in the meeting, the ...