Ecuador is to default officially on billions of dollars of foreign debt it considers "illegitimate", says President Rafael Correa.That's OK, we'll just repossess Miss Ecuador: Call it a down payment on that "illegitimate" $10 billion.
Mr Correa said he had given the order not to approve a debt interest payment due on Monday, describing the international lenders as "monsters".
The president said that some of Ecuador's $10bn debt was contracted illegally by a previous administration.
Term limits now! Texas 81 year old RINO Kay Granger, missing for six months
found in a nursing home
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How many more of these geriatric geezers are around in the House and
Senate? Now we have Kay Granger, a
The post Term limits now! Texas 81 year old RINO ...
3 hours ago
So, what if we simply quit lending to countries without functional economies?
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