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Foreign bankers strongly disagreed.
Brazil stopped paying interest to its foreign bankers last July.
Nor will foreign bankers, who delight in the country's stability and financial promise.
The message to foreign bankers is that India will mortgage or sell its gold reserves rather than default.
Moreover, the dictator accumulated a personal fortune at public expense, profiting especially through the negotiation of loans with foreign bankers.
Some analysts cited reports of officials in Beijing meeting with foreign bankers to discuss China's investment in euro zone debt.
The currency is steady, inflation is down, and foreign bankers reckon the economy may grow by over 4% this year.
Some foreign bankers in Moscow reckon the economy will shrink this year by as much as a tenth.
Foreign bankers, meanwhile, are expected to bring with them sophisticated information technology and managerial skills.So far so good.
Foreign bankers generally applaud the Government's economic policies, which focus on beating inflation and lowering the budget deficit.
Before planting the flag, many foreign bankers are waiting for the economy to stabilize and for telecommunications to improve.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com