Forgive All Debts?
I heard recently that some countries were thinking about forgiving all debts as a solution to the current world debt problem. As you may know Greece is in a current state of economic turmoil. They have a massive national debt and are in danger of becoming a bankrupt nation..meaning they don’t have money to pay for services anymore like pensions, and other various social programs. My question to you is what are your thoughts on this issue? should the IMF (international monetary federation) forgive the massive debt as gesture of good will?…is this really the answer to the problem?? Please let me know and leave a comment. Feel free to bring up other issues in the comments as well.