At least ours isn't the only website crashed by excess #Greece solidarity this week :) #crowdfundgreece
RT @sturdyAlex: This must be the first time the world has united to condemn a nation as profligate and irresponsible for refusing to borrow…
RT @nickdearden75: Proof the troika knew full well #Greece bailout wouldn't work. 93% straight back to lenders Cynical beyond words http://…
After this from the IMF, can anyone now doubt the need to #CancelGreekDebt? Troika's 'offer' is not even a plan #oxi
IMF: Even after 15 yrs of strong growth Greece's debt will still be unsustainable #CancelGreekDebt #OXI #GreeceCrisis
Join the movement

Stand with Argentina against the
debt vultures


Argentina’s economy is being held to ransom by a small handful of very wealthy speculators – so-called ‘vulture funds’.

A New York court has awarded two US vulture funds a $1.3 billion payout on debts bought up after Argentina’s debt crisis of 2001. What’s more, Argentina has been told it is ILLEGAL to pay its other debts unless it also pays the vultures.

With a $900 million payment due on 30 June (plus a 30 day grace period), Argentina is being forced towards a new debt default.

Debt scavengers

The vulture funds bought up billions of dollars worth of Argentina’s debt in the early 2000s when the country’s economy was on its knees and its people were suffering horrendous poverty. Defaulting on its debts was the only option. 93% of lenders agreed to reduce Argentina’s debt burden, and the country’s economy has recovered. But vulture funds have spent more than a decade demanding the full amount plus interest and penalties. The decade-long legal battle has been called the ‘debt trial of the century’.

We believe there is no ethical justification for Argentina making this payment. These ‘vulture funds’ never lent money to Argentina – they are profiteering from a country in debt crisis. What’s more, many of the debts originate from the time of Argentina’s brutal military dictatorship – many Argentinians argue they should not be repaid at all.

Support Argentina’s right to refuse to pay

Please sign the global statement of support for Argentina’s right to refuse to pay. It will be delivered to the Government of Argentina.

Signatures so far

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Jubilee Debt Campaign's registered charity number is 1055675