New Philippine Debt of $167 Billion Could Balloon To $452 Billion: China Will Benefit

Duterte and his influential friends and business associates could each benefit with hundreds of millions of dollars in finders fees, of 2-7%, for such deals. Duterte reportedly sought to fast track some deals, and has publicly mooted the possibility of declaring martial law for a wide range of issues, including drugs, traffic, and the situation on Mindanao. Debt imposed on the public through corruption, fast-tracking or under martial law should be considered odious debt, and not repayable. The only way to s

Source: New Philippine Debt of $167 Billion Could Balloon To $452 Billion: China Will Benefit

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