The Real Agenda Of Debt Relief

Why writing off debts may be good for business

The end of the Second World War brought with it one of the greatest successes in world economic history: the Marshall Plan to rebuild Europe. Led by Congress and fired by Harry Truman's conviction that a prosperous Europe would be a stable Europe, the plan pumped billions into the devastated Continent and produced a rapid snap-back. The lesson for the rest of the world seemed obvious: with enough money and vision, it was possible to build vibrant economies even on the ruins of a bombed-out Continent.

So it was no surprise when, in the early 1950s, that logic began to work...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!