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View Full Version : Ecuador Faces Extremely Grave Crisis Due to Oil, Correa Says - Bloomberg



NewsWhore
12-20-2008, 01:50 PM
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Ecuador Faces Extremely Grave Crisis Due to Oil, Correa Says (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaGvAJG9mvTAA%26refer%3Dlatin_america&cid=0&ei=nj5NSfCtOZWO9QT_p-WZDw&usg=AFQjCNG0l8F2MZKfSuTgK8fTG6j-3Gy18Q)
Bloomberg - 11 minutes ago
That year, low oil prices contributed to a crisis that led almost two dozen banks to fail and moved Ecuador to drop its currency, the sucre, in favor of the ...


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