Monday, 17 November 2014

Now Ebola.

Why should anyone take Bono and Geldof seriously? This is the same pair who, in 2005, claimed that the G7 had wiped away the debts of Africa. As if the West would ever allow that continent to start over. In actuality the G7 had agreed to takeover the repayments of $55 billion (out of Africa's collective debt of $295 billion) to the IMF, the World Bank and the African Development Bank. By the way Africa had already paid $550 billion in repayments from 1970 to 2002. Nearly a decade on and Africa is still weighed down with debt.

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