Group of Eight consists of the world's leading industrialised nations:
- United Kingdom
- United States
- European Union [ that's right EU is the 9th member, the name update is coming ]
By the way, the 19 countries are:
- Burkina Faso
In today's profit driven world where corporations aim only to increase their profit margin, this is a welcomed move from the leading Governments in the world. Here compassion shone through greed, through selfishness and illuminated a better path for nations in need.
It doesn't stop here though. Plans are on the drawing board for further debt write-offs - 20 other country are eligible provided they meet strict requirements which demonstrates the integrity and ability of their Government. Potentially $55 billion USD of debt will be written off.
If only business can be convinced to do the same for people in need - widows, single parents, students. People who are struggling to pay back debts where interest alone cripples their ability to lead a better life.
I must admit I am pleasantly surprised by this move. It goes to show that compassion still exists in our world's leaders and all is not lost.
To the world's leaders - well done, and my thanks.