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Expert Suggests Foreign Debt More a Political than Economic Problem

LADB Article ID: 76869
Category/Department: Region
Date: 1987-03-31
By: LADB Staff

According to Howard J. Wiarda, resident scholar and director of the Center of Hemispheric Studies at the American Enterprise Institute (Washington), it is evident to banks, Latin American governments and US officials that the foreign debt cannot be paid, but they cannot admit the same for political reasons.

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