We are not asking for debt forgiveness or debt cancellation.

The demand for debt repayment confronts the philosophy of debt forgiveness.

Rather than waiting to get rid of debt through bankruptcies, governments should mandate debt forgiveness.

President Roosevelt s administration declared the clause invalid, forcing debt forgiveness.

Moreover, most creditor Governments had difficulty in recommending debt forgiveness.

But, while debt forgiveness benefits holders of both equity and debt, debt holders don t voluntarily agree to it for two reasons.

PRINCETON The process of official forgiveness of Greek debt has begun.

But the European debt forgiveness plan, though painstakingly crafted, was bogus.

The first is on the extent of forgiveness of existing debt.

But the principle of debt forgiveness clearly has applications for public debt as well, especially in the eurozone.

Debt forgiveness raises thorny ethical concerns about condoning reckless and irresponsible behavior.

Figure 2 shows the breakdown between new (net) transfers and debt forgiveness.

For instance, they argued that debt forgiveness should not be counted as ODA.

Forgiveness of 50 per cent of debt is the only figure that makes any sense.

Forcing a debt for equity swap or debt forgiveness would be no greater a violation of private property rights than a massive bailout.

Germany s opposition to debt forgiveness is thus bad economics, bad politics (except at home), and bad history.

As during the Great Depression and in many debt restructurings, it makes sense in the current contingency to mandate partial debt forgiveness or a debt for equity swap in the financial sector.

It also requires providing financial help, ranging from debt forgiveness to investment, loans, and other forms of aid.

Debt forgiveness should be a minimum of 50 per cent of existing debt, the original principal of which, as I pointed out earlier, has long been repaid.

Defining a sustainable level of debt was difficult in view of other available means of action, over and above debt forgiveness, such as trade, aid and private flows.

The increase in aid, however, must not be limited to debt forgiveness, technical assistance and emergency and humanitarian relief.

Indeed, it is often said that creditor Governments have difficulty granting major debt forgiveness because of its budgetary consequences.

The debt problem of some low income countries called for even more favourable terms of debt forgiveness, including a reduction of the stock of debt, in order to support their efforts to achieve sustainable development.

It is worth noting that a growing portion of ODA to sub Saharan Africa consists of debt forgiveness and rescheduling.

Above all, any realistic strategy for dealing with the eurozone crisis must involve massive write downs (forgiveness) of peripheral countries debt.

At first, there was reason for hope Wolfowitz was forceful in arguing for debt forgiveness and an end to agricultural subsidies.

This burden of debt upon small countries calls for a change in the rules of the International Monetary Fund (IMF) and the World Bank to allow for the forgiveness of debt.

Several participants stressed that it was the private citizens of a country who bore the real costs of debt service and that they should therefore be the major beneficiaries of debt forgiveness.

Consideration must also be given to granting debtor countries various facilities such as reductions in debt stock, extension of repayment deadlines and even debt forgiveness, purely and simply, for the poorest countries.

Furthermore, an increasing percentage of aid to Africa is being allocated to non development activities such as emergency relief and debt forgiveness.

Unless a solution could be found, one which included substantial debt forgiveness, the task of economic and social reconstruction might prove impossible.

Unfortunately, Greece has become a special case, one that requires focused and specific treatment, most probably involving another round of public debt forgiveness.

Policies aimed directly at debt forgiveness and enhanced saving incentives contentious, to be sure would at least address zombie consumers balance sheet problems.

We support the movement towards debt forgiveness, and we also believe in the creative identification of alternative sources of financing aid for development.

It was noted that to achieve long term debt sustainability, the terms and scale of new financing were much more important than forgiveness.

We should recall that the precedent of debt forgiveness was set by two members of the Security Council, Britain and the United States.

Sweet forgiveness!

I beg your forgiveness. I cannot live without your forgiveness.

Of course, debt forgiveness and rescheduling could be most helpful and effective when accompanied by sound economic practices and policy reforms in debtor countries.

ODA debt forgiveness provided by OECD creditors since 1989, including that now being implemented, has been estimated as ranging between 5 billion and 6 billion.

As during the Great Depression and in many debt restructurings, it makes sense in the current contingency to mandate partial debt forgiveness or a debt for equity swap in the financial sector. It is a well tested strategy, and it leaves taxpayers out of the picture.

Your forgiveness, gentlemen.

Keep your forgiveness.

Forgiveness for what?

Ask my forgiveness!