Ecuador Crisis
Ecuador Crisis
This site is about the Ecuador economic crisis, an insolvent Banco Progreso and bank failure
Updated several times a week depending on the quantity of news
     Economic Crisis .
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               insolvent Banco Progreso .
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                         Bank Failure .
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Thank you for visiting the Ecuador Crisis page.

This is a collective effort in the form of a bulletin from those who live here, both Ecuadorian and foreign, to awake the world as to the real problems in Ecuador and what we feel some of the solutions should include from the perspective of citizens and residents.

Ecuador's economic crisis, the insolvent mega-bank, Banco Progreso, corruption within the banking system and political system are all issues on this website.

In the interest of reporting accurately, to the best of our knowledge, the facts presented are true and accurate concerning news . Our opinions are that of well informed educated responsible people who are concerned gravely with the situation.  And we need your help!
Feel free to contribute:

Please put "contribute" in the subject line somewhere so it goes to the right mailbox.

Drop us a line at:  [email protected]

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Want to check a little "world news" and sports while you surf?
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Just kill the new window when you're done, no back buttons!
And we'll bet you won't  find "world news" about Ecuador.  L

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If you would like to read a little about this website before entering, here is some factual data concerning its content.

We note that hardly anyone in countries outside of South America are exposed to news media which is carrying the story of the Ecuador economic crisis, a mega bank knows as Banco Progreso which is insolvent and the bank failure problems Ecuador is enduring. The Ecuador economic crisis is going to spread through out its neighboring trade partners if nothing is done. Also, foreign investors' capital has been locked up in all the banks, no exceptions, along with the capital freeze in general. We feel that this is absurd, the money was not Ecuador money, it was invested by trusting foreigners who saw a beneficial investment environment. These funds should therefore be released to the foreign investors immediately before any foreign aid package is granted to Ecuador.

The Ecuador economic crisis and bank failures result from an inefficient government, corruption in both the governemt and banking sector, unregulated banks which misrepresent the truth, and in the case of Banco Progreso's insolvent condition, out and out theft by the bank officers and owners.

Join us in the countdown of events which led Ecuador into crisis, insolvent condition of Banco Progreso and bank failure.