Lenders drive Argentina into a debt default
Argentina is expected to formally default today after the 30-day grace period on a bond payment expires. Commenting on the default, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “Argentina…
Argentina is facing record debt and is on the road to hell. There is only one way out.
The legitimacy of the debt must be challenged and proposals for a public debt audit resuscitated. Dan Ozarow is Chair of Jubilee Debt Campaign’s Academic Advisory Network and member of Action…
UK willing to back loans to Malaysian government for weapons
Proposal for Eurofighter exports takes no account of 1MDB scandal where Malaysian government guarantees were used to embezzle loans 1MDB loans were given under UK law – critics of Malaysian…
Campaigners call for transparency from Gambia’s lenders
• Comment on revelation that Gambia’s debt is $1 billion The Gambian government have said that former President Yahya Jammeh stole at least $50 million, and left the government with a…
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…
Argentina passes law to establish debt audit commission
Argentina has legislated to create a commission to investigate the origin of the country’s debt, dating back to the military dictatorship of 1976 to 1983. The law states that once…
Don’t owe, won’t pay: YES to life! NO more vultures!
This past June 16th, the Supreme Court of the U.S. announced two highly pernicious decisions not only for Argentina and its people, but for all those who defend sovereignty and…
Judge Griesa: It is just not to pay an illegitimate and immoral debt
An open letter from Nobel Peace Laureate, Adolfo Pérez Esquivel, to Thomas Griesa, the US judge presiding over the ‘debt trial of the century’ between Argentina and two vulture funds…
British MPs support action to prevent vulture funds scavenging Argentina
“Debt trial of the century” could cause financial shockwaves Over 100 British Members of Parliament have signed a motion supporting action to prevent vulture funds profiteering from Argentina and forcing…
Unfair debt deal agreed for Argentina
The Paris Club group of rich countries has announced it has reached an agreement for Argentina to begin repaying up to $9.7 billion, double the size of the original debt.…