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Writing off sovereign debt always comes with strings attached for the creditors - the terms will by definition be anti-democratic and could be incredibly danger
by cobbzilla 8y ago
Writing off sovereign debt always comes with strings attached for the creditors - the terms will by definition be anti-democratic and could be incredibly dangerous. An improvement in global inequality is not a likely outcome.
- RobertoG 8y agoThat's only true if the debt is in a foreign currency. Not sure you can call that "sovereign debt".