The World - News from March 28, 1985

President Fidel Castro of Cuba, in an interview published in the Mexico City newspaper Excelsior, said that Latin America’s foreign debt cannot be repaid and should be canceled. Castro was quoted as saying, “Payment of the foreign debt of Latin America constitutes an economic, political and moral impossibility.” Creditor nations, he said, “should do something about it” and divert 10 or 12% of their military budgets to help repay the banks holding the loans. Castro added that the debt crisis “is beginning to convert itself into a revolutionary problem,” and added, “In Latin America, democracy is not advancing; what really is advancing is the crisis.”