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Constraints arise for Ecuador's radicalism.

Publication: Market Latin America
Publication Date: 01-AUG-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
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...

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