Comments on: How Ecuador sold itself to China A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: snapdea coupons Fri, 24 Oct 2014 06:19:23 +0000 Especially, this is usually superb portion of post which i’ve encounter into long very. Would too visit a good web-site.

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By: Patricio111 Fri, 18 Apr 2014 19:21:02 +0000 Ecuador is asking now the amount of 9,239 million for this year. If we add the fact that they already owe 24.4% of GDP and could easily surpass a deficit of 600 million. Then we have a country that could easily surpass 30% of GDP debt by the end of 2014. By the time Correa finishes his term he will have a debt easily of 60% of GDP. His economic program is a mess. All income tax of Ecuador goes to pay his bureocracy, 90% of oilt has already being mortgaged to China and he is puzzle as to why China is not interested in lending him any more money. The 1.7 billion loan from China was not even handed to Correa was actually to pay directly for the Cocoa Sinclair project. Ecuador is set up to lose its sovereignty, economic policy is being dicated by the Federal Reserve. Political policy is being dictated by socialismo XXI which started as Project Condor, Project camelot, Manchurian candidate, Trojan Horse,,then you understand what has been happening in Ecuador.

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By: Michael_Woods Thu, 07 Jul 2011 04:55:59 +0000 Mr. Salmon,

I would urge you to better measure your headline titles. It is because of overstatements like these that conflicts begin, followed by herd behavior.

You have a big responsibility in your hands.


By: Laowaiblog Thu, 07 Jul 2011 02:38:15 +0000 It seems that China is the “saviour” of the world: It helps Spain, Greece and other countries in Europe by providing them with loans, and it is investing heavily in Africa and in South America.

This is the result of actions created by the debtors themselves: If countries (and people) had lived within their means, they would not have needed assistance to get out of this whole mess.

By: berniebec Wed, 06 Jul 2011 22:46:27 +0000 A question has been raised: why debt with China doesn’t show as external debt in Ecuador?
The thing is that the Ecuadorian government has gotten a little creative and now makes companies (mostly dams) with little capital where the main debtor is this company, not the state. In the case of oil, Petroecuador is the debtor, not the government. Of course, in the end the Government owns those companies. But THE GOVERNMENT DIDN’T TAKE THAT DEBT DIRECTLY.

note: I’m Ecuadorian and know how Chinese do business with the government. Makes the IMF a saint!

By: Danny_Black Wed, 06 Jul 2011 20:32:07 +0000 mwebb19, what interest rate is Ecuador paying and what rate is Japan paying on it’s debt? What are the servicing costs?