Not exact matches
17.4 assist developing countries in attaining long - term
debt sustainability
through coordinated policies aimed at fostering
debt financing,
debt relief and
debt restructuring, as appropriate, and address the
external debt of highly indebted poor countries (HIPC) to reduce
debt distress
Those
debts and unfunded promises will have to be paid someday, either
through taxes, inflation, or repudiation (total or
external).
There is some level of indebtedness at which the US government would fail, whether
through internal or
external debt repudiation, or inflation.
And while the noises emanating from larger firms suggest that they are entirely dismissive of the need for
external investment, doubters should recall that even Magic Circle heavyweight Clifford Chance tapped the
debt markets in 2002, raising $ 150 million
through a dual - tranche bond issue.
Starting from the bottom: with regard to Argentina — there is no mention of the military junta in the mid-70s, nor the 30,000 (at the least) torture and killed, nor of the mothers and grandmothers walking for 20 or more years in silence protesting the killings in a Bueno Aires plaza, nor is there is mention of the billions of dollars of US military aircraft and other weapons (as well torturing equipment for sending high to low charges of electricity
through various parts of the body (private parts though preferred, as they say), but sold to the junta in power which weighs heavily in the total
external debt, nor of the wholesale and retail sale of government agencies or corporations, and of the rights of water (in the 1990s), and the default of the government on various
debts and contracts: 40 or more cases before the courts and ICSID — seems the sanctity of the contract and personalty of the international organization is a barrier to putting an end these very crooked and immoral business transactions, etc..