Cancellation of developing world debt: Are nations responsible for historical debt?

  • Nations responsible for historical debt

    Nations should be responsible for historical debt regardless of the historical context or what may have happened in the past. This burden should not be placed upon other nations. A good example to look at would be Germany. After WW 2, it took the country a decades to pay off the debt, which was the right thing to do.

  • Yes, it creates stability.

    Yes, nations are responsible for historical debt. Without paying debts, no matter how old, a country loses its credibility. Countries will be hesitant to do business in the future if they know that a country will not pay their debts. Like any individual, a country's credit is very important. Countries should pay their debts, no matter how old.

  • No responses have been submitted.

Leave a comment...
(Maximum 900 words)
No comments yet.