Venezuela Could Buy Ecuadoria Debt

Ecuadorian newspaper El Universal reports a meeting between Presidents Chavez (Venezuela) and Palacios (Ecuador) following the Andean summit. A Venezuela's proposal to buy part of Ecuador's debt will be analysed. The meeting between the presidents of Ecuador, Alfredo Palacio, and Venezuela, Hugo Chavez, will be held this evening after the 16th Andean Presidential Summit in Lima.

Palacio (Ecuador's President), who arrived in the Peruvian capital at 1700 yesterday [local time], said that he has still not decided whether to agree to Venezuela's proposal to purchase part of Ecuador's foreign debt. He said that he would confine himself to listening to Chavez's proposals and that, after analysing them, he will make the decisions that will benefit the country.