Comments on: Lessons from Ecuador’s bond default http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Marjorie Genre http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-55509 Sun, 19 Oct 2014 04:25:07 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-55509 I do trust all of the concepts you have introduced to your post. They’re very convincing and will certainly work. Still, the posts are too quick for beginners. May just you please lengthen them a bit from next time? Thanks for the post.

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By: gospel http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-54238 Mon, 06 Oct 2014 04:41:23 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-54238 wonderful issues altogether, you simply won a emblem new reader. What would you suggest in regards to your submit that you just made a few days ago? Any positive?

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By: daniel http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-5945 Tue, 25 Aug 2009 21:44:48 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-5945 we are going to litigate
please contact danielfranciscomontero@hotmail.com

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By: J http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-2709 Sun, 14 Jun 2009 05:57:30 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-2709 Juan facts do not change with Francisco’s data about oil revenues as percentage of GDP…and oil revenues are increasing again. I think that only somebody that irrationally thinks that every single decision made by Correa is wrong may not see this buy back as a smart move.

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By: Francisco http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-2528 Tue, 09 Jun 2009 06:13:27 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-2528 Fernando: I agree with you. Time will tell if the buy back was a genius or a big blunder, if the so called 21st socialism (21st populism?) worked for the people and if the actual president had “vision and execution” or was just another messianic leader fooling people and seeking to perpetuate in power at any cost.

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By: Fernando Rivera http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-2477 Sat, 06 Jun 2009 14:21:17 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-2477 Francisco,

“Viveza criolla” better describes the last bond restructuring done in Ecuador, where Ecuador overpaid bondholders. I don’t agree with many of Corrrea’s policies, and agree that he did not save money for harder times, but you’ve to admit that this bond restructuring was done well, and is very innovative. How much it will hurt or benefit Ecuador in the long term remains to be seen, but we’ve finally got someone in power with vision and execution.

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By: Francisco http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-2264 Tue, 02 Jun 2009 00:25:55 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-2264 Juan:
You and others consider that “the default process was genius”. In Spanish we have a two words for this sort of genius is VIVEZA CRIOLLA (check your google). Unfortunately these “vivezas” sooner or later must be paid. Ecuador’s default is based in a shortsighted view and on time it will hit back Ecuador. In relation to the international reserves, remember that in Gutierrez period (2004) oil revenues were 5.7% of GDP in 2008 16.4%. Obviously there was a huge difference in oil price.

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By: JuanB http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-2230 Mon, 01 Jun 2009 16:18:34 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-2230 Francisco,
Ecuador’s political uncertainty required government investing since the private sector is holding out of the country. It’s a question of who should invest first. In the Ecuador it’s clearly the state. Saving oil money was politically impossible, otherwise Correa would be out. The reserves are in better position than in Gutierrez’s period. Dollarization won’t come down at this level. Clearly the default process was genious.

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By: hans humes http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/comment-page-1/#comment-2205 Mon, 01 Jun 2009 02:03:14 +0000 http://blogs.reuters.com/felix-salmon/2009/05/29/lessons-from-ecuadors-bond-default/#comment-2205 i actually wasn’t suggesting we do Krueger’s SDRM idea the way she threw it out – i don’t think i’d like the idea of a multilateral agency of any kind being the judge in a contract dispute between a sovereign and private creditors. i do think you could tweak the idea and set some sort of arbitration process in the jurisdiction that bonds are issued. given the current conditions, i don’t see that happening.

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