Re: [Marxism] Ecuador defaults on foreign debt

["S. Artesian" <sartesian@xxxxxxxxxxxxx>]

I was asking if Ecuador's default included any of the bi-lateral loan 
agreements, or if it was confined to the sovereign-issue bonds.  I am aware 
of the other facets and aspects of this issue.

Thanks anyway.

----- Original Message ----- 
From: "Joaquin Bustelo" <jbustelo@xxxxxxxxx>
To: <sartesian@xxxxxxxxxxxxx>
Sent: Sunday, December 14, 2008 2:13 AM
Subject: Re: [Marxism] Ecuador defaults on foreign debt


> Sartesian asks: "Anybody have more information on this?"
>
> There's been a ton of stuff in the Latin American press, starting with a
> report a little more than a month ago that said a lot of Ecuador's 
> so-called
> "debts"  were issued in contravention to the country's laws and
> constitution, for example, the debt instruments claim that the obligations
> were duly authorized by the Congress on such-and-such a day, but no 
> records
> of such Congressional action can be found.


________________________________________________
YOU MUST clip all extraneous text when replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: 
http://lists.econ.utah.edu/mailman/options/marxism/archive%40archives.econ.utah.edu