Paraguay’s three branches of government agreed on Monday that Asuncion bears no obligation to repay $85 million borrowed by a representative of the late Gen. Alfredo Stroessner during the waning years of the 1954-1989 military regime. Read full article
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Idiots.Sep 09th, 2015 - 09:54 am - Link - Report abuse 0
Missing out on interest on $5bn in order to avoid repaying an $85m debt
How unfortunate. Paraguay has had opportunities to show itself to be above the sordid approaches of most of latam. Paraguay could have rejected responsibility on the stated grounds. Who got the money? Paraguay. Then Paraguay could have started negotiations by offering to repay 50%. No doubt Paraguay has reasons. Then it must accept the retribution.Sep 09th, 2015 - 02:48 pm - Link - Report abuse 0
I cannot for the life of me comprehend why anyone in their right mind lend money to dictators, the reality remains that the country is one and the same and by virtue of continuity of governments, the debt is still valid. Paraguay is choosing to default and will need to live with the consequences.Sep 09th, 2015 - 05:27 pm - Link - Report abuse 0