http://www.nkeconwatch.com/2009/05/18/south-korea-wants-ebrd-to-finance-dprk-economic-transition/ News and analysis of the North Korean economy Thu, 09 Feb 2012 18:43:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.nkeconwatch.com/2009/05/18/south-korea-wants-ebrd-to-finance-dprk-economic-transition/#comment-138682 George Wed, 20 May 2009 08:53:49 +0000 http://www.nkeconwatch.com/2009/05/18/south-korea-wants-ebrd-to-finance-dprk-economic-transition/#comment-138682 Perhaps it is because I am relatively new to the whole Korean Peninsula economy, but I don't understand why is the South obliged to pay for the redevelopment of the North, let alone pitch to the EBRD on their behalf? Perhaps it is because I am relatively new to the whole Korean Peninsula economy, but I don’t understand why is the South obliged to pay for the redevelopment of the North, let alone pitch to the EBRD on their behalf?

]]> http://www.nkeconwatch.com/2009/05/18/south-korea-wants-ebrd-to-finance-dprk-economic-transition/#comment-138503 Peter Guilliam Tue, 19 May 2009 09:31:08 +0000 http://www.nkeconwatch.com/2009/05/18/south-korea-wants-ebrd-to-finance-dprk-economic-transition/#comment-138503 I seem to recall that North Korea defaulted on some very hefty loans it took out in Europe in the 70s, making it ineligible - or at least a very high credit risk - for obtaining any further loans. Didn't they buy a whole lot of agricultural equipment in Western Europe and default on the payments? They probably didn't want to get themselves in the same boat as Romania did. I seem to recall that North Korea defaulted on some very hefty loans it took out in Europe in the 70s, making it ineligible – or at least a very high credit risk – for obtaining any further loans. Didn’t they buy a whole lot of agricultural equipment in Western Europe and default on the payments? They probably didn’t want to get themselves in the same boat as Romania did.

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