I've just started to hear this being commended on TV news. It seems to me that the time could be ripe for a revival of 'Drop the Debt' whose website points out that the campaign "welcomes the indication from some creditor countries that they will cancel or suspend debt repayments from countries hit by the devastating tsunami on 26 December 2004 – but points out that most of these countries could not afford to pay all their debts even before the horrific disaster".
The old objections to doing this are already being recycled -see the Aussie PM's response.
WorldChanging: Another World Is Here: Debt Foregiveness for Tsunami Victim Countries
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