Well, if the United States of America hasn’t enough financial problems of its own it has now agreed to guarantee the new Tunisia ruling Islamist Ennahda party “the repayment of principal and interest on the seven-year bond” worth $485 million US dollars!
Several thoughts here, and the first is, since an Islamist party is ruling in Tunisia, is there or can there ever be what we westerners consider true democracy, in Tunisia? Secondly how in the world does a debtor nation such as the USA guarantee another’s loan?
Am I missing something here? Whatyareckon?
The whole article can be read at http://www.dailytelegraph.com.au/business/breaking-news/tunisia-gets-us485-million-from-bonds/story-e6freuyr-1226427720671 .