Not surprising Wallonia would prefer free money to loaning money.
I understand what people are saying about debt-trap but you can also see it the other way.
Imagine Wallonia loans a couple of billions. Then suddenly they say they won’t pay. What do you think will happen? Federally any resolution will be blocked.
> If you owe the bank a couple millions, you have a problem.
> If you owe the bank a couple of billions, the bank has a problem.
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https://en.wikipedia.org/wiki/Debt-trap_diplomacy
Not surprising Wallonia would prefer free money to loaning money.
I understand what people are saying about debt-trap but you can also see it the other way.
Imagine Wallonia loans a couple of billions. Then suddenly they say they won’t pay. What do you think will happen? Federally any resolution will be blocked.
> If you owe the bank a couple millions, you have a problem.
> If you owe the bank a couple of billions, the bank has a problem.
A loan instead of emergency aid is despicable