Uganda will be required to wait only one year for the debt write-off.

We could then also put in place some kind of safety net for those who will be the victims of debt write-off.

The resulting debt write-off at the Bank of New England eventually resulted in that bank's failure in 1991.

Without large debt write-off - probably close to 80 percent - Poland will face large outflows of capital.

Creditors are to negotiate details of debt write-offs.

People in the United States associated with the Occupy movement are already discussing whether a debt write-off is the way forward from them too.

Economic crises come and go, and insurance companies and banks get to, sometimes, accept debt write-offs or write-downs.

This is a flaw in the single currency which cannot be put right by bailouts or debt write-offs.

Fifth, it is essential that a debt write-off does not serve to alleviate the governments' concerns, but those of the people.

Britain, Germany and France all benefited from huge debt write-offs in a series of agreements thrashed out in the 1950s.