Tuesday, November 25, 2008

To the disappointment of many, Ecuador not defaulting

A decision that should astound all readers of this blog. Tonight Reuters reports that the Minister of Foreign Relations, María Salvador, said the following in a radio interview (ottotrans):

"The audit report (about debt) found a series of problems of eventual responsibilities and illegalities that.....have to be submitted to competent authorities, internally to the General Fiscal (ottonote, the DA or gov't criminality body) and externally eventually to demands and court cases in other countries."

I want to be very clear and frank; Ecuador will never act outside its rights; we bind ourselves to the rule of law."