Home >> Regional >> South America >> Ecuador >> Featured Listing Normal Listing Add your website here. Ecuador News Ecuador audit recommends default on 40 pct debt (Washington Post) QUITO, Ecuador -- A presidential commission on Thursday recommended that Ecuador default on almost 40 percent of its $10 billion foreign debt, accusing former officials and bankers of profiting from "illegitimate" bond deals. Brazil, Ecuador in spat over debt (AP via Yahoo! News) Brazil is calling its ambassador to Ecuador back home for consultations after Ecuador said it does not want to pay the debt it owes to a Brazilian bank. Brazil's ambassador to Ecuador leaves in debt spat (AP via Yahoo! News) Brazil called its ambassador to Ecuador back home for consultations on Friday after Ecuador said it won't pay the debt it owes to a Brazilian bank.

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