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Strategies & Market Trends : Asia Forum

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To: don pagach who wrote (4180)	6/4/1998 4:24:00 PM
From: Sam	of 9980

Indonesia restructures debt. Some reaction to the plan from Reuters: biz.yahoo.com Check out especially the last comment, from a spokesman from TLKM: ''Actually the debt roll over doesn't have direct impact for Telkom because most of the loans obtained by the company were two-step loans,'' the official said. He said Telkom received foreign loans through the government and the state bore the burden on forex losses." Nice way to get a loan, eh? Yeah, really makes me want to approve another $40 billion for IMF. Hey, make it a $100 billion. There are soooo many people to help, so little time. Sorry, I know that there is going to be a lot of suffering in Indonesia, and the wrong people will suffer. But I just don't see the point in putting more money in a sieve. We just aren't doing anyone any real favors, we're just encouraging more corruption.

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