Neither a borrower nor a lender be says the proverb. Slogan of the day is be a borrower provided the cost of borrowing is cheap and the repayment are long and affordable. The title of a borrower puts oneself under restrictions and on a tight leash. This is the same with individuals and countries as well. Settlement of a hug loan should be hard-nosed affair bereft of emotional claptrap. The surplus available could be well directed towards developmental activities. After all state is the reflection of collective homes. Car loan settlement should not come by way of family starvation.
January 16, 2006
Cut the nose to spite the face
