Nothing to Declare

I can do no more than mention this as I don’t claim to understand the full picture. $40 billion of debts have been written off with immediate effect, saving an estimated $1.5 billion a year in interest payments. Clearly there are a raft of conditions (which is the bit I don’t fully grasp) but the write-off has to be seen as a good thing. What is now required is that us decadent westerners get to grips with what caused the situation in the first place and our role in that, and we also apply some conditions on ourselves to ensure it cannot get to the same state again.