Mr.Hichilema says the Euro bond was ill conceived by the PF government in the first place.
He says the conception of the bond was meant to deceive the people of Zambia that it was meant for developmental expenditure.
Mr Hichilema says the money is just being abused and spent on consumption.
THE UPND leader adds that spending borrowed money on consumption is creating a fundamental problem in the sense that it will be difficult to repay it.
Mr. Hichilema notes that the PF is engaging in extravagant borrowing irresponsibly which may affect the nation in the future.