Vulture funds take control of Cooperative Bank
The same vulture fund which is trying to make Argentina default on its debt has now wrested the Cooperative Bank out of cooperative hands. Aurelius Capital Management, along with Silver…
Leaked IMF documents show global opposition to lender’s bank bailout
Leaked minutes of IMF meetings in 2010 show that Argentina, Brazil, India, Russia and Switzerland all argued that some Greek debt owed to private banks should be cancelled before any…
Life before debt
The cost of austerity packages imposed in the name of paying debts in Europe has been high. In Portugal fees for health care have been imposed, costs for utilities have…
UK pushes Pakistan, Indonesia and the Gambia into more debt
The UK government has backed loans to Pakistan, Indonesia and the Gambia without conducting any assessment of their impact, or the ability of the countries to repay. The revelations come…
10,000 demand a Jubilee for Justice
Yesterday we handed in the 10,000 Jubilee for Justice paper chains we’ve collected around the country over the last year to Downing Street. Here are some photos and a short…
The debt stories they don’t want you to know
I sometimes get asked, ‘If all countries are in debt, then who are they in debt to’? It’s a good question. Have we discovered life on another planet, who are…
How the IMF and global finance are trying to block a democratic examination of Tunisia’s debt
One year ago today, a bill to audit the Tunisian public debt was submitted to the Assembly, but this democratic initiative has been blocked by global finance.
A chance meeting with Vince Cable to argue over unjust debts
I bumped into the Business Minister whilst cycling through South London. Cycling to my Econowhat? reading group through Stockwell in South London last week, my eyes were drawn to the…
Florence blog: How much longer can we abandon Greece?
Ten years ago 60,000 activists converged in Florence for the first European Social Forum to discuss building another world. That meeting, four months before the invasion of Iraq, catalysed the…
Egypt blog 4: A Middle East Beanfeast
Another reason why Egypt shouldn’t be paying its odious Mubarak-era debt was highlighted by a teachers’ protest yesterday against the appalling under-investment in education here. While there is a theoretical…
