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Day of reckoning is coming for coronavirus pandemic debt. The only question is when

One of my stand-out memories of the 2008 crash and its aftermath was a sign held by an Irish protester against the severity of the International Monetary Fund and European Union’s bailout terms imposed on Ireland in 2010 during the European debt crisis. The sign read, “Who’s going to pay? Not just me, but my children and my children’s children.” It wasn’t just the future cost of repaying 85 billion euros (US$112.6 billion) of bailout money which was the worry, but the damage wrought on Ireland…

Read the original article at South China Morning Post

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