June 29, 2013
How about playing 'hardball' with Ecuador?
Ecuador is playing "hardball" with the US and it's hard to watch: "Ecuador said Thursday it is renouncing tariff benefits on hundreds of millions of dollars in trade that are up for renewal by the U.S. Congress. The announcement by Communications Minister Fernando Alvarez comes at a moment when Ecuador faces U.S. pressure to avoid granting asylum to National Security Agency leaker Edward Snowden. Alvarez told a news conference that the trade deal had become "a new instrument of blackmail. "In consequence, Ecuador unilaterally and irrevocably renounces said preferences." Ecuador is a very nice, beautiful and small country under the very misguided leadership of a Chavez disciple Pres Correa. The key is that ".....nearly half Ecuador's foreign trade depends on the U.S." Let me translate: They need the US a lot more than we need them. Furthermore, there is no country that will "bail out" Ecuador, as the USSR did with Cuba after the...(Read Full Post)