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Biden seeks to cancel over $4.5 billion in Ukraine's debt (kyivindependent.com)

submitted 12 hours ago* (last edited 12 hours ago) by LaFinlandia@sopuli.xyz to c/ukraine@sopuli.xyz

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[-] PugJesus@lemmy.world 28 points 11 hours ago* (last edited 11 hours ago)

Let's cancel all our EU debts while we're at it. And of any of our allies in Latin America. And Asia. And Africa. Hell, just keep the debts held by our enemies and rivals.

Normally I would be against such reckless policy, but fuck it, we have reckless policy incoming, we might as well get something good in along with the shit we're about to get shoveled into our mouths.

[-] TachyonTele@lemm.ee 4 points 10 hours ago* (last edited 10 hours ago)

Geopolitically, what would a huge move like that do?

[-] PugJesus@lemmy.world 17 points 10 hours ago

It would make a lot of legislators considering their budgets for the coming year very happy, I would presume. Probably also a bunch of unintended side effects, possible weakening of the dollar, diplomatic uproar from states we didn't forgive the debts of, worsening situation of our own budget, etc.