Tuesday, March 24, 2015

DEET RAY-HA'ARANJ'MANT: OLD SHONA PHRASE MEANING "MIK DA WIGHT MAN PAY"

Stressing, in this context, the importance of establishing a clear set of principles for the management and resolution of financial crises that take into account the obligation of sovereign creditors to act in good faith and with a cooperative spirit to reach a consensual rearrangement of the debt of sovereign States...
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2 comments:

  1. rmacMarch 24, 2015 at 4:24 PM

    So, the debt of the developing nations must be restructured or forgiven or whatever. What about the trillions of dollars the US owes, or the sovereign debt of the countries that make up the European Union? Oh geez, I forgot, all they have to do is print more dollars and euros....problem solved. One thing is for sure, there will be a reset, probably a bloody one.

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  2. SaulMarch 24, 2015 at 6:26 PM

    That's good news for Ontario, right? :))

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