Ecuador’s finance minister, Jorge Gallardo, is a popular man on Wall Street. He’s very bright, with a quick wit and a solid grasp of economic fundamentals and economists’ concerns. But when he visited New York in May, his demeanour was visibly subdued.
It is understandable that Gallardo could do with a bit of a rest these days: the Ecuadorean government has come through a huge battle with the legislature, which threatened the whole basis of its fiscal accounts.
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