Lenders should forgive debt

Author Margaret Atwood suggests debt forgiveness could be one way to restart the world economy.

I'm a screaming optimist, says Man Booker Prize-winning author Margaret Atwood. These two words not only describe the author, but highlight her view on the way out of the current economic crisis.

According to Atwood, the economic crisis will not end until banks and financial institutions agree to forgive the massive amount of debt on their books. To back up her position, she references the ancient Greek politician Solon who, at a time of stagnation in the Greek economy, abolished...

To continue reading, please login or register for free

Click for more on: margaret atwood | debt | payback

Print Edition

FinanceAsia Print Edition

CONFERENCES