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Their govt is very close to default right now. The only thing that has saved Ecuador was Correra not managing to bind his successor to his policies. Correra bo
by hogFeast 6y ago
Their govt is very close to default right now.
The only thing that has saved Ecuador was Correra not managing to bind his successor to his policies. Correra borrowed a ton of money, gave it out to win elections, and left the people with the bill. I am not sure how this can be called a success (it is true that lots of people think Ecuador is successful because they borrowed a ton of money and gave it out...this hasn't created a wealth, it has just created massive debt that can't be repaid).