Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

Saturday, April 18th 2020 - 08:56 UTC

Full article 3 comments

The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city. Read full article

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Enrique Massot
Surprisingly, MP's know-it-all commentators are not coming to criticize the disastrous failure of Ecuador's latest neo-liberal apprentice.

Which comes up to show the failure of an ideology that has kept Latin America in the Dark Age.
Apr 19th, 2020 - 04:41 pm - Link - Report abuse +1
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bushpilot
Socialist ideologies lead to a golden age.
Free markets are a Dark Age.
Apr 20th, 2020 - 04:24 am - Link - Report abuse 0
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DemonTree
“Free markets are a Dark Age.”

After being run for a few years by free market governments, both Argentina and Ecuador are on the verge of default. If the shoe fits...

Argentina now has a socialist government and a low death rate from coronavirus. Ecuador still has the free-marketers in charge, and Ecuador has bodies lying in the streets.
Apr 21st, 2020 - 10:53 am - Link - Report abuse 0
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