RealNews

Ecuador seeks debt default negotiations

Ecuador’s default on foreign debt it deemed “illegitimate” did not deter the country’s leftwing president from signalling he would seek to re negotiate with bondholders. Rafael Correa said he hoped to make a proposal to the holders of $3.8bn (€2.8bn, £2.5bn) in bonds “in which some value of the debt will be recognised, but at a much lower price.”Full_Story

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