Posted on 06/27/2022 5:57:15 AM PDT by Oldeconomybuyer
Max Lawson's demands are clear. As Germany, France, Canada, Japan, Italy, the US and the UK — otherwise known as the Group of Seven — gather with EU representatives for their annual meeting this year at the luxurious Schloss Elmau high in the Bavarian Alps, the head of the inequality policy program at Oxfam is calling on the leaders of these wealthy countries to cancel the debt crippling the globe's poorest nations.
"It's really dramatic," Stormy-Annika Mildner, executive director of the Aspen Institute Germany, a think tank, told DW. "They're paying almost more on servicing their debt than they're getting in new aid."
But debt cancellation isn't on the group's public agenda this year. Instead, on Sunday, the first day of the summit, the informal bloc of industrialized economies unveiled its "Partnership for Global Infrastructure and Investment," a commitment to raise $600 billion (€568 billion) in private and public funds over five years to finance needed infrastructure in developing countries.
"I want to be clear. This isn't aid or charity. It's an investment that will deliver returns for everyone," said US President Joe Biden on Sunday, adding that it would allow countries to "see the concrete benefits of partnering with democracies."
(Excerpt) Read more at dw.com ...
Globalist 7 ,LOL
Translation: They want Americans to help developing nations.
There’s no more (real) money left. It’s all just air.
What utter bullchit! Most of the money goes to line the pockets of Marxist dictators and their families and friends.
Clear all debts so leaders of corrupt nations and will line their pockets by “borrowing” more.
“It’s an investment”
Then since I am “investing against my will what is my rate of return?
The best way to help developing countries is to drill baby drill and export what we don’t need so that energy isn’t so expensive on the global market.
These 7 look very white.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.