We may as well default on our international debts and start over.

But its most important effect will be on Poland's international debt, which has been one factor discouraging foreign investment in the country.

This fails and international debt is not repaid for four months.

But another issue, the problem of poor nations' international debt, which deeply concerns many church leaders from developing countries, is on the agenda.

Presidential candidates question why the country should repay its international debt.

"If others follow suit it will be a massive turning point in efforts to end the burden of international debt."

But the country is left with huge international debt.

This only hints at what will come if international debt is not brought under control.

The economies therefore contract under the burden of public and international debts.

Brazil's international debt in 1992 was estimated at about £70 billion.