A quick search And #Sicartsa provides an example:
> A.. [decent] approach might invoke the old-fashioned idea that responsibility falls upon those who borrow and lend. The money was not borrowed by campesinos, assembly plant workers, or slum-dwellers. The mass of the population gained little from the borrowing, indeed often suffered grievously from its effects. But they are to bear the burdens of repayment, along with taxpayers in the West — not the banks who made bad loans or the .. elites..
> A recent book from the #HarvardBusinessSchool interviewed executives from #Sicartsa and the major bidding firms and their banks in #Britain, #France, #Germany, #Japan, and the U.S. It found that “neither the sellers, the lenders, nor the exporting government officials would assert that the mill made economic sense. They pursued the transaction, not because of #Mexico’s needs, but because of their own needs at home…. Few players carefully analyzed the economics.”
in #Debt for bad projects...
#debt #mexico #japan #germany #france #britain #Sicartsa #harvardbusinessschool
> .. the #Britannia docked.. #LloydsBankInternational.. had done.. more than.. arrange private financing: it had helped Davy win the bid in Mexico and win government support back home. Neither the supplier, its banker, nor the #UK government intended to let #Sicartsa slip away. #QueenElizabeth came to silence any murmurings of this possibility in #Mexico or elsewhere.. not many steel mills in backwaters..[get] a defense by the #British #RoyalFamily.. devoid of.. sense.
https://journal.probeinternational.org/odious-debts/read-odious-debts-the-book/introduction-the-queen-comes-to-sicartsa/
#royalfamily #british #mexico #queenelizabeth #Sicartsa #uk #LloydsBankInternational #britannia