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> If a government signs a treaty, then when they lose power, the next government is under no obligation to honour that treaty.

From http://www.open.ac.uk/courses/tasters/w201/objects/d2225.pdf

"According to the traditional view Parliament can, in effect, make laws as it sees fit, but it cannot bind its successors by entrenching laws (that is, by making laws which cannot be repealed)."

> To begin with, states shouldn't have to pay the debts incurred by previous governments:

You write this like it's a bad thing.

Given the horrendous effects of govt borrowing, why should lenders be protected? It's like returning the getaway driver's car.

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