Clause 3

Part of Debt Relief (Developing Countries) Bill – in a Public Bill Committee at 10:30 am on 9th March 2010.

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Photo of Tim Boswell Tim Boswell Conservative, Daventry 10:30 am, 9th March 2010

Has the Treasury given any thought to the alternative of offering the creditors expropriation at the current market value of the debts, and then paying the appropriate compensation? Would that be an alternative approach? Would it be dearer or cheaper, and would it be equally compatible with the European convention on human rights?