Odious Debt is a concept in international law which entitles a nation to ditch debts run up to oppress and betray it's governing principles.
One recognizes the existence of an Odious Debt by the remarkable and determined resistence of the many to accede to the demands of those few who have been able to become the beneficiaries of said debt.
Odious Debt is debt incurred by a corrupt, odious régime, especially where the debt has been incurred to purchase military equipment or which has been incurred by means of corrupt inducements paid to members of the régime.
This week, it has been announced that Ecuador has defaulted on "certain categories" of debt, but there has not been very much detail available, except in Spanish....
Now for the Poll: