Those grants and loans line the already fat pockets of executives and investors at the expense of students who get worthless degrees and stuck in a debt trap, bound by compound interest.
Moreover, revolutionary Iran lacks the secure economic and social foundations it needs if the transition is to be smooth.When Mr Khatami came to power in 1997, he inherited a debt-bound economy labouring under cronyism, corruption and mismanagement.
When questions like "Will Germany go its own way?" or "Will Greece or another country pull out of the European Union?" make the rounds, the euro and euro-denominated debt are bound to sell off.
Impoverished individuals are promised a better life, and then forced to work 18-hour days in sweat shops -- bound by a debt that they can never pay off.
Some of the more sensitive or complex debts — those bound for court, for instance, or those owed by the mentally ill — will remain the responsibility of the attorney general's office.
"I owe Barnard a debt I can never repay, but I am bound and determined to try," Ms. Quindlen said.
The CSA can chase debts due from its start date in 1993 as, under rules, it is not bound by the Statute of Limitations and cannot write a debt off.
As for cases like Venezuela, often cited as a leading example of the resource curse, advocates of the curse thesis argue that oil contributed to a debt-driven boom that was bound to deter growth eventually.
A freighter bound for Lake Superior.
"I think debt cancellation is bound to make African countries even more dormant because we will focus on aid, which will discourage productivity," he said at the time.
Headlines in daily newspapers reflected fears of Greece plunging further into debt, and being bound more tightly to diktats from Berlin.
