Forgive Us Our Debts

A consensus emerges in favor of easing the developing nations' trillion-dollar burden

The central bankers and finance ministers who gathered in Berlin last week for the annual meeting of the International Monetary Fund and the World Bank encountered more than the usual round of interminable speeches and parties. While the world's top moneymen jawed away inside the International Congress Center, outside in the streets legions of leftist demonstrators chanted, "IMF, meeting of murderers!" At one point, policemen carrying Plexiglas shields and billy clubs broke up a boisterous crowd of 2,000. Another day, 75,000 marchers paraded peacefully. While the protests did not disrupt the conference, the bankers knew what they symbolized: a growing anger...

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