President Rafael Correa, a US trained economist, has announced that he may not make foreign debt payments, vowing to use the money instead to improve civic amenities, in keeping with his election campaign pledge to put "life before debt.
Original source: Reuters. [404 Check: was link to http:/ / today. reuters. com/ news/ articleinvesting. aspx?type=bondsNews&storyID=2007 -03 -12T215601Z_ 01_ N12236732_ RTRIDST_ 0_ ECUADOR -DEBT -CENBANK. XML, anchor: Ecuador govt refuses to pay cenbank debt interest]
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