Debt relief proposals will not benefit Greece for 15 years
Proposed cap will lead to Greece having debt payments ten times higher than Germany paid after 1953 debt cancellation.
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.
Uganda road project cancelled but debt remains
In January the World Bank cancelled a road building project in Uganda after “multiple failures … on the part of the World Bank, the government of Uganda, and a government…
£139 million of ‘made-up money’ to count as UK aid
Debt deal with Cuba includes cancelling late interest calculated with huge 11% interest rate £139 million of ‘made-up money’ will count as UK aid and contribute towards meeting the UK…
Commodity price crash causes debt payments to soar
Effective interest rates on World Bank loans reaching 9%, whist on private sector loans hits 27% Over recent months there has been a crash in prices for commodities – metals,…
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…
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…
‘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…
