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Friday, February 24, 2006

The WCC and Latin American Debt

This makes the church group sound very naive:

The World Council of Churches appealed Thursday for the international community to ease the debt burden of Latin American nations...

The WCC, representing nearly 350 churches, called the foreign debt obligation across Latin America "illegitimate and immoral" because loans often date back to military or authoritarian regimes. It urged creditor nations and international financial institutions to consider reducing or waiving the debts.

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