ECB to make between €10 and €22 billion profit out of loans to Greece
The European Central Bank and its member national central banks are on track to make between €10 billion and €22 billion of profit out of lending to Greece, if Greece…
‘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…
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…
Greece parliamentary audit shows debt is illegitimate
Commenting on the release of the Executive Summary of the Greek Debt Truth Committee, established by the Greek parliament, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “The initial…
Ten years since historic debt cancellation agreement, new crises threaten Africa
Lending levels to the most impoverished countries in the world have tripled, ten years after the G7 finance ministers agreed a debt cancellation deal for low income countries, potentially setting…
External debt is a cancer to Nepal. Cancel it now!
Earthquake-hit Nepal’s debt stands at $3.8 billion. Writing off its loans will go a long way in helping it to recover, says former Nepali MP Sunil Pant. I would like…
Drop Nepal’s debt, say anti-poverty groups
Quake-stricken nation due to make debt payments despite continuing crisis Jubilee Debt Campaign has joined a call by more than 30 organisations across Asia for Nepal to receive immediate and…
How Europe cancelled Germany’s debt in 1953
The 1953 London Debt Accords show that European leaders know how to resolve a debt crisis in the interests of justice and recovery. Here are four key lessons for Greece’s…
Greek deal leaves debt burden unaddressed
Commenting on Eurogroup approval of the four-month Greek bail-out extension, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: [...]