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.
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…
Thin cut to debt leaves Grenada caught out
Deal with private lenders will only reduce debt by 20%. Grenada has reached a deal with private bondholders to reduce debt owed to them by up to half over the…
Lending boom threatens to create new debt crises
New figures released today predict that current rates of lending could lead to debts becoming unsustainable in many impoverished countries over the next decade, just a few years after some…
Ghana in talks with IMF as debt problems deepen
Ghana is to hold negotiations with the IMF in September on a new loan programme following a fall in the currency which has increased the level of debt payments. Under…
Scottish government makes debt relief top priority
The Scottish government have signalled that they would take action to deal with unjust debts inherited from the UK, if there is a yes vote in 2014’s independence referendum. The…
Unlocking the chains of debt: A call for debt relief for Pakistan
New government faces crisis as debt payments increase rapidly. Pakistan’s economy has been paralysed by an unpayable and largely unjust debt burden that is preventing the country reaching its poverty…
Vulture funds law set in stone
Clamp down on Third World Debt profiteering to become permanent.
Osborne must stop the Greek vultures
Campaigners tell Chancellor to legislate against vulture funds taking action against Greece in British courts.