|
| |
| | |
| It
takes two to tango The report prepared by Jubilee Plus was publicly launched on 24 September in Argentina, in Clarin. "Jubilee Plus sustains that Argentina has to pay $73.5bn in foreign debt between now and the first quarter of 2003. This means 27 percent of its GDP and 332 percent of its imports revenue. In order to pay these debts, Argentina has to triple its exports, halt all imports and divert a quarter of its GDP from domestic consumption to foreign creditors", said Clarin (see article in www.clarin.com.ar and www.jubileeplus.org ) The report caused reactions in different sectors and other media. 3 Puntos, Argentinean political and cultural journal, in September’s issue 222, says: "Jubilee Plus offered a detailed restructuring plan for the debt. The project follows the line stated by Paul O’Neill, who opened the possibility for countries like ours to become insolvent. "But governments are not companies and they should go bankrupt assuring they will continue to provide services", said Liana Cisneros. She also explained why both Cavallo and Marx refuse a constructive default: "They were always on the creditors’ side and not on the Argentine people’s". (See the full article in www.3puntos.com and www.jubileeplus.org) In addition, 3 Puntos, in issue 223 from last week, printed 18,000 copies of "It Takes Two to Tango" and distributed them on the streets of Argentina as a dossier. The report was written jointly by Jubilee Plus and Alejandro Olmos Gaona, Argentinean researcher and member of JMI, son of the historic campaigner Alejandro Olmos, who challenged in court the corrupt and illegitimate nature of foreign credits granted to Argentine military between 1976-1983. "It Takes Two to Tango" is available from our Web site.
|
