Just ask the nineteen creditor nations that make up the Paris Club if the U.S. embargo of Cuba’s criminal Castro dictatorship has not worked. After being fleeced for another $5 billion by the Cuban regime since 2011, there is no doubt many if not all of these nations wished they had some type of sanctions in place to protect them from the deadbeat Castro mafia.
Thankfully, U.S. sanctions have protected U.S. taxpayers from the theft of billions, proving yet again that the embargo certainly works.
Paris Club: Cuba Remains 2nd Most Indebted Nation
The Paris Club, a group composed of the world’s 19 largest creditors nations, has released its annual list of outstanding claims (debtors).
These claims are held either by The Paris Club member States directly, or through their appropriate institutions (especially export credit or official development aid agencies) on behalf of the member States.Cuba owes $35.193 billion, which makes it The Paris Club‘s 2nd most indebted nation.
This represents a $5 billion increase from 2011.That same year, Indonesia was the largest debtor with $40.679 billion owed. Yet, this year, Indonesia’s debt has decreased to $29.297 billion.
This year’s most indebted nation is Greece, which owes $70.305 billion.