Debt Forgiveness for Haiti!!!!!!!!

With all the tragedy of recent events in Haiti, this is the most inspiring news I've heard so far.

The G7 (Canada, the US, UK, France, Germany, Italy and Japan) have pledged to write off the debts that Haiti owes them, following a devastating earthquake last month.

Canada's finance minister announced at a summit in Iqaluit, northern Canada, that Group of Seven countries planned to cancel Haiti's bilateral debts.

Jim Flaherty said he would encourage international lenders to do the same.

Some $1.2bn (£800m) of Haiti's debts to countries and international lending bodies has already been cancelled.

"We are committed in the G7 to the forgiveness of debt, in fact all bilateral debt has been forgiven by G7 countries vis-a-vis Haiti," Mr Flaherty said at the end of the two day gathering of finance ministers.
According to the BBC (http://news.bbc.co.uk/2/hi/8502567.stm)

Noted, this debt should have been forgiven long ago. How, when France was able to profit off NO taxes and FREE (slave) labor for hundreds of years, does Haiti owe France? France owes Haiti! And if Spain France and Portugal and Britain were to moetize and pay back the present value of the free labor thay brutally and inhumanely ravaged through enslavement to all the colonies, all of them would be bankrupt! Free labor gave a leaping head start and a massive unforgivable and immoral foundational advantage to the economies of the West, which is largely responsible for their currentl dominance.
But anyway that is off topic!!!!!
It is wonderful that the G7 has agreed to forgive Haiti's debt and is urging multilaterals to do the same.