Tuesday, April 13, 2010

In your opinion..should Africa pay its foreign debts?

I need your opinion in this. Should Africa ignore its debt or should it pay its debt? Tell me why or why not..

In your opinion..should Africa pay its foreign debts?
They never pay there debts anyways, the countries that they owe simply pardon the debt every few years.
Reply:they should not pay.. they need to fix there issues first..
Reply:hmmm.....America is in debt OVER it's eyeballs. We are being bought out lock stock and barrel buy other countries (Abu Dhabi the largest emirate in the United Arab Emirates bailing out Citigroup, China bailing out Bear Stearns,Prince Alwaleed, a nephew of Saudi King Abdullah, now holds about $6 billion of Citigroup shares! ) because we cannot pay OUR debts. Isn't that like the pot calling the kettle .......? People are so often concerned with what their neighbors (Africa)are doing they don't see the stink in their own house (America).





We live in a global economy. Nothing is owned locally ANYWHERE now.
Reply:They should pay it... they scam so many people every day that they have more than enough money to pay it off......
Reply:Hmm not all of it but should pay what they can afford it's not as if other countries need that money back
Reply:Africa should doubtlessly obtain debt relief. A very important percentage of the GDP goes into debt servicing, diverting public funds away from where they would be the most effective: helping the people.





However, the countries whose debts are to be wiped off should be given additional aid in order to become self-sufficient in terms of food supply. They should engage themselves to spend money in healthcare and education.





It is useless to wipe off their debts if these countries immediately apply for other loans in order to finance their rulers' extravagant lifestyle.
Reply:No they shouldn't pay the debit. First of all the developed countries should not even ask for it. why? What about colonialaization ? What about all those people that died in that time? What about being taken as a slave?? What about all those recourses taken at that time? What about the tribial war that is still going on now? Who do you think created those wars? Who do you think supplies the weapons?? Don't tell me all the African countries have their own gun factories!! So you see most of the problems in Africa have their roots in Western civlization.


The western society have done very bad things in that time, and I think it is time to do some good to Africa. Don't you?


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