Ecuador

Impure Liquor Takes Life of 21 in Ecuador

Impure Liquor Takes Life of 21 in Ecuador

Alcohol is injurious to health and becomes poison if it is adulterated. This was not a general statement, but a reality that has happened in Ecuador, where 21 people lost their lives after consuming impure liquor. Authorities took an immediate action, and banned the sale of alcohol in the community.

Ecuador Reported to Threaten Oil Nationalizations

Rafael Correa

Ecuador's President Rafael Correa, who is also the current President of the Organization of Petroleum Countries, is reported to have threatened to nationalize foreign oil operations unless companies undergo contracts posting state control in the sector.

Ecuador Buys Back 91 % of its Defaulted Debt

Ecuador Buys Back 91 % of its Defaulted Debt

Ecuador's finance minister says the government has bought back 91% of its defaulted bonds via an international auction.

This move of the leftist govt. has rehabilitated coercions to take action against other "illegal" debt.

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