Monday, July 2, 2007

Ecuador to spend $350 mln in electricity subsidy

(Reuters) - "All this will cost the government around $350 million
between 2007 and 2008," said a high-ranking government official
who declined to be named.




Wall Street analysts fear that Correa's heavy spending
could in the long run damage the country's ability to repay its
$10.3 billion foreign debt.


Read more at Reuters.com Bonds News

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