Ecuador Weighs Legality of Sovereign Debt

Ecuador Weighs Legality of Sovereign Debt

Andean

Ecuador is reportedly getting some friendly academics to help it decide what portion of its debt is "illegal" and analysts expect it to question the legality of the Globals. However, the results are unlikely to be ready any time soon, leaving the sovereign muddling through for the rest of the year, helped by high oil prices. "The external debt audit is likely to be a drawn out process; at this point, it is unclear whether this new committee will come up with any specific findings or recommendati

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