Anyone who lends money to someone else without having some control on the money as to how it is spent is stupid and will probably never see the money again.
The bigger question in my mind is should it ever be lent to them in the first place with or without controls, in this circumstance will it solve the problem, or will it perpetuate the problem.
It appears that some of the money being advanced will have to be used to pay the interest on the previous money lent!
Is this the way to grow an economy?
Would it not be better to retire the debt and then put growth controls on the country?
