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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Correa gives advice to Europeans to overcome the crisis

Posted On 07 Nov 2013
Rafael Correa and the French primer ministro, Jean Marc-Ayrault

Rafael Correa and the French primer ministro, Jean Marc-Ayrault

The regime leader Rafael Correa urged Europe not to repeat the mistakes of Latin America to overcome the current economic crisis.

“Latin America is an expert in crisis, because he has known them all,” said Correa with French students during his lecture at the Sorbonne University, on the first day of his official visit to France.

The president compared the current debt crisis that exists in Europe that Latin America lived in the 90s and I regret that they apply the same solutions “are delaying the start of the crisis” and “have a high social cost.”

The Ecuadorian leader recalled the cases of Greece, Portugal, Cyprus, Spain or Italy, and stated that those actions “were not intended to end the crisis, but to ensure the payment of interest on the debt owed to private banks.”

Correa urged European countries in crisis “not to make take the slightest attention to the International Monetary Fund (IMF).”

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