This is the epitome of robbing Peter to pay Paul.

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Unless the summit promises to provide these resources without reducing their flows of aid to other less indebted poor countries, they will end up simply robbing Peter to pay Paul.

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Robbing Peter to pay Paul as the saying goes.

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And, Steve, that massive Ponzi scheme that you and Jim were just talking about, sometimes people call this robbing Peter to pay Paul, or a shell game, pyramid schemes, or close relatives.

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Russia is effectively robbing from Peter to pay Paul.

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There is also the robbing-Peter-to-pay-Paul effect at work.

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