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Category Archives: South America
Ecuador’s default
(December 12, 2008) After months of threats, the government of Ecuador has made good on its promise to forego payment of foreign loans deemed illegitimate by the country’s debt audit commission. Continue reading
Ecuador’s Correa says he’ll seek legal basis for debt default
(November 15, 2008) Ecuadorean president Rafael Correa said he’ll suspend payments on foreign debt he deems “illegitimate” should an upcoming report find there is legal basis to do so. Continue reading
Posted in Ecuador, Odious Debts, South America
Tagged Ecuador's odious debts, foreign debt
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Ecuador may default on foreign debt deemed “illegitimate” debt, economy minister says
(February 7, 2007) Ecuador’s Economy Minister Ricardo Patino said late last month that his country had set up a commission to audit Ecuador’s US$10.3 billion external debt, and that Ecuador would not pay foreign debt that the commission declared "illegitimate." Continue reading
Trial dismissal rejected for Pinochet
(August 11, 2006) The judge investigating the origin of the personal fortune of Augusto Pinochet rejected a request for dismissal by his defense lawyers because of his state of health and impaired ability to speak, judicial sources said here Friday. Continue reading
Bank denies information on Pinochet
(March 16, 2006) The New York branch of The Bank of Chile refused to hand over the records of the Pinochet Foundation, which is suspected of having been used by the ex Chilean dictator to launder money. Continue reading
Pinochet’s wealth: fake identity also hid fortune in Chile
(March 8, 2006) While Chile battled recession in the early 80s, General Augusto Pinochet was using a false name to hide his fortune in Chilean banks. Continue reading
Chilean President says Pinochet is politically ‘finished’
(November 27, 2005) Chilean President Ricardo Lagos was quoted Sunday as saying his country’s former dictator, Gen. Augusto Pinochet, "no longer exists" politically. Continue reading
Pinochet cancels 90th birthday bash
(November 26, 2005) Former Chilean dictator Augusto Pinochet cancelled his 90th birthday celebrations yesterday, citing health concerns after he was charged and arrested for crimes ranging from human rights violations to multimillion-dollar tax fraud. Continue reading
