That and the fact that they usually demand €-denominated loans, which means that the project had damn well better have a €-denominated cash flow sufficient to retire those loans on schedule. Otherwise, you're setting yourself up for a currency crisis and the accompanying IMF euthanasia of your economy and political sovereignty structural adjustment program.

Unless, of course, one thinks that it's a brilliant idea to deliver developing countries into the waiting arms of an economic hit man.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.