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Ecuador: President Jamil Mahuad Says Country Is In Financial Crisis

LADB Article ID: 054448
Category/Department: General
Date: Friday, January 22, 1999
By: Patricia Hynds

Ecuador's President Jamil Mahuad compares the nation's economy to a ship that has struck an iceberg, and he called the situation critical because of the massive budget deficit. "We have a serious crisis, the worst in 70 years," Mahuad, who took ...

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