How Europe cancelled Germany’s debt in 1953
The 1953 London Debt Accords show that European leaders know how to resolve a debt crisis in the interests of justice and recovery. Here are four key lessons for Greece’s…
Greek deal leaves debt burden unaddressed
Commenting on Eurogroup approval of the four-month Greek bail-out extension, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: [...]
Glossary of terms
List of terms: Bailout Bank recapitalisation Bond and bondholder Bridge loan Collective Action Clause Concessional loan Debt relief/restructure/cancellation/haircut/swap/write-down/work-out Debt haircut Debt relief Debt restructuring Debt service Debt swap Debt stock…
Welcome for Ebola debt relief, but warning over impact of new loans
Reacting to the announcement by the IMF that it will cancel almost $100 million of debt owed by Guinea, Liberia and Sierra Leone, whilst lending $160 million in new loans,…
George Osborne should support a package of debt cancellation for Greece
Commenting on the meeting between Greece’s Finance Minister Yanis Varoufakis with Britain’s George Osborne this morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Greece’s debt comes from loans…
At least 90% of the Greek bailout has paid off reckless lenders
New analysis of IMF figures, released by the Jubilee Debt Campaign, show that almost all of the money lent by the IMF, European governments and the European Central Bank to…
Sierra Leone to pay $1.75 million IMF debt on Christmas Eve
Take Action: Call on the IMF to cancel all the debt now The IMF is going back on a pledge made by the G20 to cancel debts of Ebola countries,…
Battle over whether G20 ‘deal’ will leave Ebola countries more indebted
• Campaigners call for debt relief not more loans as WHO admits off-track in bringing the disease under control • Over two weeks have passed since G20 $300 million pledge…
Election 2015: How to avert a new debt crisis
Jubilee Debt Campaign’s manifesto for the 2015 general election. Introduction Over the last forty years, the removal of regulations on lending has driven devastating debt crises affecting people on every…
Vulture funds: Why the UK voted ‘no’ to action at the UN – dissected
More than 700 people have written to their MP to ask why the UK government voted against action on vulture funds at the United Nations in September. Many have now…
