Friday, February 16, 2007

Furious

So, vulture fund Donegal International has not quite won a court case to get $42m off Zambia, for a debt which the profiteers bought from Romania for less than $4m.

It's thought that "
the judge will order Zambia to pay Donegal between $10m and $20m"[1]. Zambia had previously arranged to pay Romania $3m.

Makes one wonder what we can do - not only in this case, but to criminalise such businesses everywhere.

[1] http://news.bbc.co.uk/1/low/business/6365433.stm

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