Monday, February 17, 2014

Me-tooism approaches payback time - Hannibal

If your neighbors get a cheap loan to build their new railway, you are going to want one too. But Hannibal cannot help worrying about the flush of 'me-tooism' behind the flurry of African countries heading to the international sovereign debt markets.

They might be wiser to first peer over the fence at how quickly the train tracks are being laid and how their neighbrs are planning to pay back their creditors. Those countries sitting ready with sovereign credit ratings are keen to issue

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