Friday, August 05, 2005

Ecuador’s Solidarity Costs US$ 300 Million

Bad news for those who think that money can’t buy it all. The market valued Ecuador’s solidarity in US$ $300 million. Accidental President Alfredo Palacio has been struggling to explain local media the reasons behind a recent “strategic alliance” with Venezuela. The fact is that Venezuela committed to buy US$ 300 million of Ecuadorial debt and also offered to refine Ecuadorian oil at preferred prices.
Chavez’s generosity has gained him friends in Argentina, Brazil and most of the Caribbean.


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