Vulture funds profit from shadowy financial markets
In the wake of Argentina being blocked from making debt payments, there is much speculation about who lies behind various trades taking place in financial markets. Argentina has been declared…
Don’t owe, won’t pay: YES to life! NO more vultures!
This past June 16th, the Supreme Court of the U.S. announced two highly pernicious decisions not only for Argentina and its people, but for all those who defend sovereignty and…
Judge Griesa: It is just not to pay an illegitimate and immoral debt
An open letter from Nobel Peace Laureate, Adolfo Pérez Esquivel, to Thomas Griesa, the US judge presiding over the ‘debt trial of the century’ between Argentina and two vulture funds…
Blog from Jamaica: ‘We are in the same debt trap as the government’
It is 1998, I’m 16 and going on my first large protest. It’s in Birmingham for the Jubilee 2000 demonstration, calling for the G8 group of self-appointed most important countries…
Blog from Grenada: Why the ‘Spice Isle’ has stopped paying its debts
It’s 10:30 at night and I’m trying a short cut through the grounds of an upmarket hotel in Grenada to get to my much cheaper room on the other side.…
The Big Give Christmas Challenge, 5-7 December
UPDATE: Saturday 7 December A massive thank you to everyone who has donated over the three days of the Big Give. The matched funds have now run out, and we’ve…
Debt Week 2013 – in photos
Thanks a lot to everyone who took part in the #NotOurDebt photo action during Debt Week 2013. Here’s some of the best messages we saw on Twitter… [View the story…
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…