Letter: Third World debts

Sir: When I borrow money I am expected to pay it back. At the time I take out the agreement there are conditions setting out my obligations and a repayment schedule. If I fail to meet my obligations I leave myself open to all sorts of penalties. Why should Third World countries be any different? If a way is found of wiping out these debts, then you can be assured that someone will pick up the bill. It will be either us as taxpayers or us as bank customers.

Can I turn myself into a Third World country and so get all my debts cancelled and promise to be a good boy in the future?

STEVE LEIB

Hoddesden, Hertfordshire