From our Bureau of Chronic Deadbeats Who Love to Borrow With No Intention of Ever Paying Back Their Loans
Surprise! Sitting next to the president of France, Trucutú Díaz-Canel spoke words penned by Fidel Castro long ago, in which the late sociopath argued that it was totally unfair for wealthy nations to demand repayment of the massive amounts of money they lend to poorer nations.
It was a lot like some sort of spirit possession at a seance. Suddenly Fidel was there at the summit, speaking to it through the vocal chords of Trucutú.
Fidel had it all figured out perfectly. Real social justice demands that prosperous nations should simply give away money to poorer nations so that absolutely every nation on earth ends up poor.
End of argument. What happens then when all nations are equally poor and there is no way to obtain loans from any country? No problem. Back to the caves. Had Fidel been more cultured, he (and Trucutú) could have quoted Picasso who reportedly said after viewing the stone-age drawings on the walls of the Altamira caves: “After Altamira, all is decadence.”
Too bad for Fidel (and Trucutú) that they represent an atheist state. If Cuba were not so rabidly atheist, Fidel ((and Trucutú) could have also quoted Jesus: “love your enemies and lend to them without expecting to get anything back.” (Luke 6:35)
Loosely translated from Diario de Cuba
Miguel Díaz Canel revived in Paris the late Fidel Castro’s request for “a reform of international financial institutions (…) that takes into account the legitimate interests of developing countries”, when speaking at the Summit for a New World Financial Pact, which is in session until this Friday in the French capital.
Sitting next to the host of the event, President Emmanuel Macron, the Cuban leader said that “the most dire consequences of the current international economic and financial order, deeply unfair, undemocratic, speculative and exclusive, gravitate more strongly on developing nations.” , published the official website Cubadebate.
In the words of Díaz-Canel, “our peoples” are “laboratories of colonial recipes and renewed forms of domination that use debt, the current international financial architecture and unilateral coercive measures, to perpetuate underdevelopment and increase the coffers of a few at the expense of the South”.
The president touched on one of the issues that Fidel Castro himself used as a pretext for not paying off the growing foreign debt of the regime.
“It is our countries that have seen their external debt practically double in the last ten years; those that have had to spend 379,000 million dollars from their reserves to defend their currencies in 2022, almost double the amount of new Special Drawing Rights (DEG) assigned to them by the International Monetary Fund (IMF),” he said.
According to Díaz-Canel, “in such unfavorable conditions, the South cannot generate and access the 4.3 trillion dollars a year necessary to achieve the Sustainable Development Goals in the remaining decade of action.”
Continue reading HERE in Spanish