The author discusses the international conditions of Hungary's indebtedness which neglected by the domestic media before. She gives a detailed analysis of the role and responsibility of the international financial institutions (IMF, World Bank) in the emergence of the indebtedness crisis. She discusses separately the emergence of the debt trap from the aspect of the debtor and creditors. She outlines the possibilities of Hungary in juxtaposition to the Latin American processes, and in comparison to the Swedish, Finnish, South Korean or Spanish development model, she writes that the possibilities of Latin Americanization are more realistic. She also analyses the question of what would happen if the debtors denied to repay the debts and the reasons why they do not do that. She reveals that we have repaid the debts many times over!