Saturday, Dec 13, 2008

OPEC member default on its foreign debt

The Associated Press: President says Ecuador will default on debt

Another blow to the US & European banks who gambled and lost. Decoupling, decoupling, did I hear decoupling????..............silence..............

Posted by fjcruiser @ 12:00 AM (295 views) Add Comment

2 Comments

1. gone-to-colombia said...

Another nail in the coffin of inward investment into South America.
Down here we are still living in a dream world at the end of a boom, only a few seem to fully understand what is about to happen.

Saturday, December 13, 2008 12:24AM Report Comment
 

2. mountain goat said...

Can't pay or wont pay?

"making good on threats to default on debts his government considers illegitimate"

Saturday, December 13, 2008 07:06AM Report Comment
 

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