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Xinhua Commentary: The prime culprit behind debt traps

januari 20, 2022by Reacties uitgeschakeld voor Xinhua Commentary: The prime culprit behind debt traps

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BEIJING, Jan. 20 (Xinhua) — In his bestseller Confessions of an Economic Hit Man, John Perkins expounded how he was employed by a U.S. company to talk world leaders into accepting substantial infrastructure loans. If a hit man is completely successful, he said, “the loans are so large that the debtor is forced to default on its payments after a few years.”

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