When I Grow Up
When I grow up I'm going to take over a poor country, borrow $40,000,000,000.00 and waste it all on palaces and a military. Then, the bleeding hearts responsible for giving me the loan will forgive it. I'll get all my nice things and the solders to protect them for free. Sounds like a good scam to me. Aparently, it sounds like a good scam to these folks as well.
"LONDON (CP) - Finance ministers from the Group of Eight industrialized nations, including Canadian Finance Minister Ralph Goodale, agreed Saturday to a historic deal cancelling at least $40 billion US worth of debt owed by the world's poorest countries.
British Treasury chief Gordon Brown said 18 countries, many in sub-Saharan Africa, will benefit immediately from the deal to scrap 100 per cent of the debt they owe to the World Bank, the International Monetary Fund and the African Development Bank. "
"LONDON (CP) - Finance ministers from the Group of Eight industrialized nations, including Canadian Finance Minister Ralph Goodale, agreed Saturday to a historic deal cancelling at least $40 billion US worth of debt owed by the world's poorest countries.
British Treasury chief Gordon Brown said 18 countries, many in sub-Saharan Africa, will benefit immediately from the deal to scrap 100 per cent of the debt they owe to the World Bank, the International Monetary Fund and the African Development Bank. "
posted by Richard at 14:05
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