Correa Starts To Outline Plans

Correa Starts To Outline Plans

Andean

Ecuador's president-elect, Rafael Correa, said he believes the country's debt servicing payments need to be lower, but as yet has given no details as to how this will be achieved. Investors nervous of a full debt default by Ecuador have been selling off the country's foreign bonds in recent days. However, not all investors believe a default is inevitable. JP Morgan in a research note Tuesday said it believed that, once in office, Correa would prove a pragmatist on the issue of foreign debt servi

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