Dont Sell Debt Obligations

The Texmaco case is threatened with deadlock. The government should prioritize upholding the law over preserving the remaining assets.

March 16, 2004

PRESIDENT Megawati often complains about the size of Indonesia's debts. This is a perfectly justifiable complaint which we sympathize with. But unfortunately this concurrence does not extend to the other end of the government's cash book, the credit column. It may be that her assistants have not informed her, for one reason or another, but the president's opinion on this matter is—to quote a car advertisement describing its engine

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