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Ecuador’s public spending is 30.5% of GDP

  According to the Preliminary Overview of the Economies of Latin America and the Caribbean prepared by the Economic Commission for Latin America and the Caribbean (ECLAC), Ecuador is one of the Latin American countries with higher levels of public spending over its Gross...
Posted On 21 Jan 2013
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The transfer of shares to the CFN led to a forced sale of the PNB

Having transferred the shares of the Banco Pacifico Ecuador, owner of the Pacific National Bank (PNB), based in Miami, to the National Finance Corporation (CFN for its Spanish acronym), by decision of the Office of the President through the Executive Decree 941, was the reason...
Posted On 21 Jan 2013
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Jorge Glas denies the alleged plagiarism of his university thesis

Last Sunday, the former Strategic Sectors Minister, Jorge Glas defended the authenticity of his thesis saying that the alleged plagiarism for which he is accused is according to a “political issue and bad faith“. Glas made these remarks during an interview on...
Posted On 21 Jan 2013
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According to Spanish media, Shakira will give birth today

Colombian singer Shakira and her boyfriend, Spanish soccer player Gerard Pique, are preparing for the upcoming birth of their first child, which name is still unknown. Spanish media “La Razón” confirmed that the couple announced that their  son would be born on Monday in...
Posted On 21 Jan 2013
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More than 52,000 Ecuadorians left Spain

According to the latest data released by the National Statistics Institute (INE), the foreign population in Spain fell in 2012. This is the first drop in fifteen years. Ecuadorians are the largest group of foreigners who decided to leave Spain the past 2012, with 52,536 citizens...
Posted On 21 Jan 2013
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Djokovic classified for the fifteenth time in Australian Open

Serbian tennis player Novak Djokovic advanced to the quarter-finals of the Australia Open, after a grueling match against Stanislas Wawrinka, who was defeated  in five sets (1-6, 7-5, 6-4, 6-7 and 12-10), one of the most competitive matches. This is the fifteenth consecutive year...
Posted On 21 Jan 2013
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Sedimentation in Rio Daule is increasing evidently

The low tide that Daule River reached on Saturday January 19, between the edge of the private neighborhood La Puntilla and the islet El Palmar, revealed its irregular surface, reflecting the impact of sedimentation that shortens the distance between the island and this...
Posted On 21 Jan 2013
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Cold wave affects Europe

According to statistics, 14 people died last weekend in France, United Kingdom, and Spain in traffic accidents due to snowfalls. Weather conditions is affecting  both air and land transportation. 20% of the 1300 quotidian flights have been canceled in Hearthrow (England)....
Posted On 21 Jan 2013
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Day 17 of election campaign 2013

Lucio Gutierrez (PSP) took his government proposal to Cañar The presidential candidate of the Partido Sociedad Patriotica (PSP), Lucio Gutierrez, along with his binomial, Pearl Ann Boyes, yesterday toured the province of Cañar. Gutierrez led the caravan through markets and...
Posted On 21 Jan 2013
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The binomial Obama Biden assumes his second term in the U.S.

Barack Obama, the U.S. president, vowed for his office last Sunday, January 20, 2013 in a private ceremony at the White House to begin his second term as the president of the nation that no longer debates through the recession that was four years ago. However, according to...
Posted On 21 Jan 2013
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