Ecuador’s President Lenín Moreno unveiled an emergency economic plan Friday aimed at rescuing the South American nation hard hit by the new coronavirus and then dealt a second blow when two large pipelines broke, halting critical crude exports. Moreno in a nationwide broadcast urged the nation to come together, saying that Ecuador's massive foreign debt he inherited from past governments will have to be renegotiated, while large businesses earnings over $1 million annually will have to contribute 5% of their profits. “This economic emergency is unprecedented in the recent history of this country," Moreno said.
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