An article in yesterday's FT, very much in passing, said:
<quote>
Mr. Gallardo [the present finance minister] . . last year headed negotiations with private creditors to repackage Ecuador's $6.6 bn of defaulted Brady bond and eurobond debt, cutting the burden by 40 percent.
<unquote>
Although there's been an article on Ecuador at least once a week for the last year, I don't remember that ever being the headline ;o) In fact I somehow missed it ever being mentioned before.
Michael
__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com