Thread: debt write off
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Old 06-11-2005, 04:50 PM   #5 (permalink)
Hanabal
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there will always be ulterior motives that can be seen, but we don't know if they are the "major" factor. sure they would have considered that but im not too sure if thats the only reason they did this. Also writing stuff off as bad debts can be a good thing on its own. with insurance to cover those things.

Maybe however, they wanted to be kind. Help the little guy out. sure its not likely but you never know.

Now its up to the developing countries what to do with the extra $2bn a year. they are forced to spend it on infrastucture, which is good. They can avoid becoming consumerist if they want to. The key is that they need to want to. IF they want to become consumerist, well thats their own choice and you cant blame the developed world for that.
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