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Stabroek News

Tackling debt
published: Friday | April 4, 2008

The Editor, Sir:

The huge debt that Jamaica has run up must be brought under control if Jamaicans are to see any change in the living standard of the middle class and the poor. We cannot move forward until this is done.

The Government must explain in plain English to the people what we need to do. In the 1980s the Brazilian economy was in shambles, brought on by the fact that Brazil had accumulated a massive debt which it could no longer service while providing for its people. Brazil made the choice to force its debt holders to renegotiate the structure of the debts.

Today, Brazil is one of the so-called economic tigers.

I am, etc.,

CHRISTOPHER CAMPBELL

camo4@charter.net

Via Go-Jamaica

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