European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 17. April | 88 comments (88 topical, editorial, 0 hidden)

Re: This, That, and the Other (4.00 / 3)

Hereditary debt! Can't complain about any lack of respect for legal obligations of debtors in India, at least amongst the poor.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 16th, 2009 at 10:19:20 PM EST
[ Parent ]

Re: This, That, and the Other (4.00 / 2)

....and to my beloved wife Wanda, I leave my credit card bill.....to my brother Fred I leave the hire purchase on the car.....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Fri Apr 17th, 2009 at 08:22:23 AM EST
[ Parent ]

Re: This, That, and the Other (none / 1)

Is it hereditary debt? It's hard to tell from the article whether it's that, or simply that his land was collateral for the loan, in which case the heirs would either have to pay back the loan, or lose their inheritance. That would be no different from what would happen in more "advanced" countries.

by gk (g k quattro due due sette "at" gmail.com) on Fri Apr 17th, 2009 at 10:03:11 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 17. April | 88 comments (88 topical, 0 editorial, 0 hidden)

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