Quito - Ecuador is set to vote in a presidential contest Sunday, with incumbent Rafael Correa heavily favoured for re- election. Correa, 46, looked poised to secure victory in the first round without a runoff. The election is already historic in Ecuador as the first in which an incumbent president has sought re-election.
Quito - Rescue teams found another body in the rubble Friday after a military plane crashed into an apartment building in Ecuadorian capital Quito, taking the death toll to eight.
The eighth victim was a handicapped woman who lived alone.
The aircraft crashed into a building amid thick fog Thursday and exploded. All five people on board the eight-seat propeller Beechcraft plane and two people on the ground were found dead shortly after the crash.
Quito - At least five people were killed when a military aircraft crashed into an apartment building in thick fog and exploded in the capital of Ecuador.
Four other people were injured, one seriously, in Thursday night's crash in Quito, authorities said.
The eight-seat propeller Beechcraft plane was flying low as it prepared to land in Quito and grazed a tree before it flew into the building, witnesses said.
Quito - Ecuador President Rafael Correa announced that his government would default on foreign debt that he called illegitimate, and vowed to assume "the responsibility of the consequences."
The leftist economist ordered a halt to paying 30.6 million of interest on the Global 2012 bond issue that is due December 15.
"We know whom we're up against, true monsters that will not hesitate to try to destroy the country and make Ecuador an example," he said. "We accept this responsibility."
Quito - Ecuador opted Friday to make use of a 30-day technical moratorium for payment of 30.6 million dollars of interest on its foreign debt that were due Saturday, Economy Minister Maria Elsa Viteri said.
During the moratorium, Ecuador is set to evaluate a report on potential irregularity in some portions of the country's sales of bonds, the minister said.
"There is no lack of financial resources," Viteri said.
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Quito - Rescue teams found another body in the rubble Friday after a military plane crashed into an apartment building in Ecuadorian capital Quito, taking the death toll to eight.
Quito - At least five people were killed when a military aircraft crashed into an apartment building in thick fog and exploded in the capital of Ecuador.
Quito - Ecuador President Rafael Correa announced that his government would default on foreign debt that he called illegitimate, and vowed to assume "the responsibility of the consequences."
Quito - Ecuador opted Friday to make use of a 30-day technical moratorium for payment of 30.6 million dollars of interest on its foreign debt that were due Saturday, Economy Minister Maria Elsa Viteri said.
