UN votes for new debt rules but UK tries to block
The United Nations General Assembly has voted to accept new rules to guide sovereign debt restructurings. At a vote in New York on Thursday evening, the set of nine principles…
Campaigners call for UK government to enforce Ukraine debt deal
Vulture funds and Russia could sue Ukraine through London courts Ukraine has reached an in principal agreement with some of its bondholders to reduce the amount of debt owed by…
Reaction to David Cameron call for Greece debt relief
Responding to UK Prime Minister David Cameron saying that Greece needs debt relief, Tim Jones, economist from the Jubilee Debt Campaign said: “The Prime Minister is right to finally admit…
IMF leak shows ‘fatal flaw’ of Greece debt deal
Commenting on the IMF’s leaked Debt Sustainability Analysis on Greece, Jonathan Stevenson of Jubilee Debt Campaign, said: “The IMF’s new analysis reveals the fatal flaw at the heart of Sunday’s…
‘Agreement’ on Greece debt is an outrageous imposition
In response to the deal with Greece being reached over the debt crisis: Tim Jones, economist at the Jubilee Debt Campaign said: “This is not an agreement but an outrageous…
Response to financial crash is sowing the seeds of the next global crisis
Global debt levels between countries projected to be up 30% in four years, to $14.7 trillion Lending boom to impoverished countries makes them vulnerable to new global crises, 10 years…
‘Cancel Greek Debt’ Projected On German Embassy In London
Print quality photos of the projections are available to use Last night activists from Global Justice Now and Jubilee Debt Campaign projected “Cancel Greek Debt” in giant letters against the German embassy in West…
‘No’ vote a historic defeat for austerity
Responding to the results of the Greek referendum, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “This is a historic defeat for austerity in Europe. Despite all the scaremongering and…
Rebuilding Nepal must not leave it more indebted
Ahead of a donor conference in Kathmandu on Thursday 25 June, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Nepal urgently needs funds for reconstruction. One of the fastest…
UK backs loans for arms sales as report shows 75% of debt illegitimate
In a report released today, the UK government has revealed it guaranteed £132 million of loans to the Indonesian government for arms sales in the last year, along with further…
