Campaigners welcome Mervyn King’s support for Greece debt cancellation
The former Governor of the Bank of England has called for Greece to have a substantial proportion of its debt cancelled.
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.
Debt risks increase as commodity prices stay low
According to the IMF and World Bank, 10 low income countries have seen an increased risk of not being able to pay their debts over the last year as global…
US interest rate rise could deepen debt crisis in developing countries
Commenting on the increase in US Federal Reserve interest rate, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “The debt problems of many developing countries will worsen as this…
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…
The new debt trap: How the response to the last global financial crisis has laid the ground for the next
Executive summary also available in French and Portuguese (8 pages). This report (40 pages) and its executive summary (8 pages) investigates the debts owed by countries as a whole – both…
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…
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…
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…
