Journalists need to explain these things better.
I got this link from Talking Points Memo
, and what I can't understand is how exactly this is an offer India can't refuse. Why on earth should India, or any country, for that matter,
particularly forgive $ 2 billion of debt? Out of some goodness of heart, maybe, as Bono would have developed countries forgive African debt. But James Baker is no charismatic rockstar. What kind of pressure or incentive is he bringing to bear as a counterbalancing force against the very real and concretely explained bonds being payed for by Indian taxpayers? How does this work in the rest of the world?