Oct 6, 2006

Will Ecuador Join the Axis of Outcasts?

What do you get when you cross a Venezuelan Bolivarian with an Argentine Peronist? Answer: a power-hungry demagogue who doesn't believe in paying debts.

Así comienza la columna "The Americas" del WSJ de hoy.

Continúa así más adelante:

University of Illinois professor Werner Baer, who was on the committee to approve Mr. Correa's doctorate, told the Associated Press last month that Mr. Correa's anti-Americanism is probably just a ploy to help him get votes, not the way in which he would govern. But Prof. Baer might be underestimating his former student's ambition. Markets are not nearly as sanguine. When the polls showing Mr. Correa's 10-point lead came out on Tuesday, investors dumped Ecuadoran bonds and the country's risk premium shot up.

The immediate concern is his pledge, if elected, to break contracts with foreign bondholders and demand a negotiated restructuring. In August Mr. Correa took a trip to Buenos Aires to meet with the dean of deadbeats, Argentine President Néstor Kirchner. If you're planning to stiff creditors, Mr. Kirchner is the go-to guy.

El artículo entero, aquí:

Más sobre el tema, aquí:

4 comments:

  1. Que duro por Dios.
    Ani otra vez ?

    ReplyDelete
  2. Si bien pienso que Correa va a ganar en Ecuador, no dejaría de prestar atención a lo que dice O'Grady en el último párrafo de su artículo, cuando se refiere a un tal Álvaro Noboa.

    ReplyDelete
  3. Muy interesante el análisis de Anastasia O’Grady. Sinceramente me da muchísima pena ver al país pegado a lo peor de la región. No aprendemos más.

    ReplyDelete

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