The Economist (November 10)
2012/ 11/ 12 by jd in Global News
“Greece will remain a disaster until it gets the treatment given to heavily indebted poor countries in the past.” Short-term rescue loans won’t work. “The experience of dozens of debt-ridden countries in Latin America and Africa holds lessons that Greece’s rescuers ought to heed…. The most indebted started to recover only when their debts, including those owed to official creditors, were slashed.”
Tags: Africa, Debt forgiveness, Debt-ridden countries, EU, Greece, Latin America, Rescue loans
