Re: EVENT: Join "Make Poverty History" riders to Edinburgh, Fri 1 July 2005

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Article #151

#151

From: M Holmes
Date: Thu, 30 Jun 2005 11:53

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In ed.general Ian Johnston <ian.groups@btinternet.com> wrote:
> On Tue, 28 Jun 2005 22:41:35 UTC, Jon Senior 
> <jon_AT_restlesslemon_DOT_co_DOT_uk> wrote:

>> The Drop the Debt campaign meant exactly that. The loans were issued and 
>> carefully managed for many years to ensure that repayment was not an 
>> option. Holding them financially hostage is not conducive to progress. 

> Are you saying we shouldn't ever lend money to African countries?

What is the case is that for countries whose debt is dropped, the
interest rate on future loans will be considerably higher because
dropping the debt means they climb the risk curve.

FoFP

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From: M Holmes <fofp@holyrood.ed.ac.uk>
Newsgroups: scot.general,ed.general,uk.rec.cycling,scot.environment
Subject: Re: EVENT: Join "Make Poverty History" riders to Edinburgh, Fri 1    July 2005
Date: Thu, 30 Jun 2005 11:53:23 +0000 (UTC)
Organization: Edinburgh University
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