Relieved

The IMF will forgive $40 billion of debt owed by 18 of the world's poorest countries to the G8.

This write-off will not feed, clothe or shelter one single starving person in the Third World, but it will ensure that kleptocrats need not fear for their mansions, jets and private security forces.

Most importantly, it means that Bono and Paul Martin can still be friends.

Source: Ottawa Citizen