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The Philippines is devastated as much by unfair debt as typhoon Haiyan Tim Jones


The Guardian - 23-Dec-2013

By Christmas Eve, a country struggling with foreign loans and climate change will have spent $1bn on debts in seven weeks By Christmas Eve, the Philippines will have spent $1bn (£0.6bn) paying foreign debts in the seven weeks since typhoon Haiyan devastated much of the country. It will have spent a total of $8.4bn on foreign debt in 2013, and faces a further $8.8bn in 2014. While a little more than...


Read full article at The Guardian


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