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Walden Bello, Lidy Nacpil, Ana Maria Nemenzo in their paper which was published in the Daily Inquirer last September 1, 2004 entitled, Afterthoughts: UP economic report: overdue, selective, not daring enough, should be able to help the government. In their paper it said that the Filipino people or the government should not only be the one who sacrifices in the midst of the fiscal crisis, its creditors should also share the burden...
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In their paper it said that the Filipino people or the government should not only be the one who sacrifices in the midst of the fiscal crisis, its creditors should also share the burden. Creditors should loosen their terms. Our debts are paid ten times over than the principal amount lent to us. This suggestion made sense to me...
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