World Bank misleads while guaranteeing speculators profit
World Bank admits to breaking rules to guarantee high interest Ghana debt, but misleads in attempt to justify the decision.
World Bank broke its own rules over high-interest loans to Ghana
Lender accused of guaranteeing profits for speculators The World Bank has been accused of helping to fuel a new debt crisis in Ghana after it was revealed it has broken…
Eurozone ‘debt relief’ proposals for Greece would have little impact
The Eurogroup of Eurozone Finance Ministers has finally agreed to begin discussions on debt relief for Greece. However, initial proposals developed by the European institutions do little to address Greece’s…
The Never-Ending Austerity Story: Why Greece’s third ‘bailout’ changes nothing
The deal signed last July will see Greece lent more money, primarily to meet its debt payments, while even more austerity and privatisation are forced on it.
Life Before Debt – Organising to overcome the power of finance
Join us on Saturday 14 November for this free event. Seven years on from the Great Crash, global debt levels are booming once again [...]
Cameron should apologise when in Jamaica and commit to action
Commenting ahead of UK Prime Minister David Cameron’s visits to Jamaica and Grenada this week, Tim Jones from the Jubilee Debt Campaign, said: “Jamaica has been burdened by an unpayable…
‘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…
No deal will be worse for the Eurozone than for Greece
The current deadlock between Greece and the rest of the Eurozone is over whether Eurozone governments will lend more money to enable Greece to meet international debt payments due this…
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…