Ecuador today defaulted on $31million interest payment saying they did not owe it. Cnbc also stated Ecuador has defaulted on every payment in recent years. How much did that guy Guiteriz say a few days ago that VZ owed on a large bond number. With VZ bonds trading at 60% of par yielding 15+% when will they default as well as all the other 3rd world counties whose economies are oil based? Pressure is definitely building to develop other revenue streams for all these countries and we know VZ's most likely avenue.