Ecuador will not default. Watch out for Correa’s weekly address tomorrow.
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By Lester Pimentel and Daniel Cancel
Nov. 14 (Bloomberg) — Ecuador’s bonds tumbled, pushing yields above 100 percent, after Finance Minister Maria Elsa Viteri said the government may miss a $30 million interest payment tomorrow.
A group of legal advisers will make a recommendation to President Rafael Correa on how to proceed with the interest payment, Viteri said at a news conference yada yada continues here