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Life in Debt
April 23, 2005 ( politics )
"How many children have to die before these seven men in suits develop a sense of urgency?" Jonathan Hepburn, of Oxfam International, told the AFP news agency."There was complete silence from the G7 on the sale of gold. Yet the IMF has clearly said the gold can be sold to help cancel poor countries' debt," he said.
--BBC
At least a dramatic re-shuffling of debt with a huge, decades-long interest free period; so many developing countries are trapped in their development by have no money to do it with; as all tax revenues go to paying interest on existing debt. Maybe they shouldn't have accepted a loan in the first place, and turn let their country turn into a war zone and then get bailed out by UN Peacekeepers later on down the line, with a huge loss of life and wounds between whatever factions form that cause civil unrest for a unknown long period of time; and then end up having to take loans anyway...
Posted by griffjon at April 23, 2005 01:11 PM
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