"Odious Debt" Has Finally Arrived: Greece To Write Off "Illegal" Debt | WHAT REALLY HAPPENED

"Odious Debt" Has Finally Arrived: Greece To Write Off "Illegal" Debt

As a reminder, this is what Odious Debt is: In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

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