States of Jersey legislate against vulture funds
The parliament of Jersey, known as the States, has today passed legislation to limit the ability of vulture funds to sue some of the world’s most impoverished countries in the…
Default
US court verdict on Argentine debt could cause chaos
A US court ruling in favour of vulture funds may force Argentina to either pay-up on unjust debt, or default on its loans to all creditors. In 2001 Argentina defaulted…
Belize misses interest payment
Belize has effectively defaulted on its debt, having missed a $23 million interest payment due on 20 August. Creditors are refusing a restructuring offer from one of the most heavily indebted…
30 years since Mexico’s default, lessons for Greece
Thirty years from Mexico’s debt default, Greece must break the sadistic debt spiral. As Greece’s leaders pay down the latest multi-billion euro instalment on their debt, they would do well…
What is a debt audit and how might it work in Egypt?
This paper is short explanation of what a debt audit is, where the idea comes from and how it might work in Egypt. For a full manual describing the process…