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Since 2010…†‡† Greece has been immersed in a debt crisis that has rocked Europe. After six years of austerity, Greece’s economic situation is getting worse, not better.

Greece’s €317 billion debt can’t possibly be repaid. Yet the endless austerity programme has crippled Greece’s economy, while the major beneficiaries of bailout loans have been European banks. In July 2015, the Greek people voted by an overwhelming majority for a change of course in a referendum on austerity. Yet the European Union, the European Central Bank, and the International Monetary Fund (the Troika) have refused to budge.

Greece is on the frontline of Europe’s debt crisis, itself part of the global crisis of unjust debt. Our vision of a jubilee has always been that when debts become chains tying people to poverty and injustice, collective action is needed to demand they are cancelled. It’s happened throughout history, and it needs to happen in the Eurozone today. That’s why around the world, people who stand for debt justice are standing with Greece.

Photo: Projection onto the German Embassy in London, July 2015. More >>

Sign the Europe-wide petition to drop Greece’s debt

More information At least 90% of the Greek bailout has paid off reckless lenders >> 6 key points about Greece’s debt >> How Europe cancelled Germany’s debt in 1953 >> The IMF has made €2.5 billion profit out of Greece loans >> This online campaign has been produced with the assistance of the European Union. […]

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Latest from the campaign

  • Campaigners warn against IMF endorsement of Greece bailout

    Jubilee Debt Campaign, 14 June 2017

    Commenting ahead of the meeting of the Eurogroup, Greece and IMF on Thursday 15 June, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “If it signs up to the failing austerity programme in Greece, the IMF will effectively be endorsing more precarity, more insecurity, and more poverty for Greek citizens. Wages, pensions and public […]

  • Campaigners welcome Obama call for Greece debt relief

    Jubilee Debt Campaign, 14 November 2016

    • ‘Meaningful’ debt cancellation must include IMF debts Commenting ahead of President Obama’s visit to Greece on Tuesday, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “President Obama is right to call for meaningful debt relief for Greece. Over 90% of loans to Greece from the IMF and EU were used to pay off […]

  • Campaigners criticise IMF cave in over Greek debt

    Jubilee Debt Campaign, 25 May 2016

    Commenting on the Eurogroup and IMF staff agreement in Brussels early on Wednesday morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “IMF staff are proposing to lend more money to Greece without the upfront and unconditional debt relief they called for. This is a major climb down, which once again breaks the IMF’s […]

  • Eurozone ‘debt relief’ proposals for Greece would have little impact

    Tim Jones, 18 May 2016

    The Eurogroup of Eurozone Finance Ministers has finally agreed to begin discussions on debt relief for Greece. However, initial proposals developed by the European institutions do little to address Greece’s debt problems. Meanwhile, the reckless lenders who ultimately received 92% of the bailout loans to Greece would continue to avoid having to make any contribution. […]

  • Campaigners welcome Mervyn King’s support for Greece debt cancellation

    Jubilee Debt Campaign, 29 February 2016

    The former Governor of the Bank of England has called for Greece to have a substantial proportion of its debt cancelled.

Jubilee Debt Campaign is a company limited by guarantee, number 3201959
Jubilee Debt Campaign's registered charity number is 1055675