If you are not familiar with the term ‘odious debt’ then I would recommend for you to watch the Debtocracy documentary film. The first part of the film gives a general introduction to the credit-driven global economy and the accumulation of Greek debt. Things get more interesting at approx 33:00 when the concept of odious debt is introduced, followed by examples of how countries like Equador have been able to write down most of their national debt.

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