Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-01-13-Speech-4-084"
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"en.20050113.8.4-084"2
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".
I broadly support this Resolution. However, a moratorium on debt repayments is merely a breathing space which should be used to set up an international fair and independent arbitration process that would assess what debt should be written off for the affected countries. This process should give priority to the meeting of human needs and the fulfilment of basic human rights.
The current situation where creditors alone decide on how to deal with unpayable debt is clearly inappropriate and to date this has failed to resolve the decades long debt crisis.
The debt of countries affected by the tsunami clearly needs an urgent response. However many other poor countries are faced with a crisis of human need that is continuous and dwarfs the scale even of the tsunami. While dealing swiftly with the debt of countries affected by the tsunami, the international community must not lessen the priority to focus on the need to cancel the unpayable debt of poor countries to enable them to progress towards meeting the Millennium Development Goals."@en1
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