The new developing world debt crisis
A new debt crisis has begun in impoverished countries. The UK needs to take responsibility now for the debt contracted under English law. Read the 4 page briefing here Summary…
Vulture funds
Campaigners call for UK government to enforce Ukraine debt deal
Vulture funds and Russia could sue Ukraine through London courts Ukraine has reached an in principal agreement with some of its bondholders to reduce the amount of debt owed by…
ECB to make between €10 and €22 billion profit out of loans to Greece
The European Central Bank and its member national central banks are on track to make between €10 billion and €22 billion of profit out of lending to Greece, if Greece…
George Osborne should support a package of debt cancellation for Greece
Commenting on the meeting between Greece’s Finance Minister Yanis Varoufakis with Britain’s George Osborne this morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Greece’s debt comes from loans…
UN votes for rules to stop vulture funds
The United Nations General Assembly has passed a resolution to create new legal rules to stop financial speculators like vulture funds from undermining debt restructurings. The motion, passed by 124…
Developing countries propose new global debt rules
Over 130 developing countries have unanimously submitted a proposal to the United Nations calling for new legal rules to stop predatory financial speculators like vulture funds from undermining debt restructurings.…
Vulture funds profit from shadowy financial markets
In the wake of Argentina being blocked from making debt payments, there is much speculation about who lies behind various trades taking place in financial markets. Argentina has been declared…
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…
No TTIP: Stop the corporate carve-up
Jubilee Debt Campaign is part of the #noTTIP day of action this Saturday 12 July. Here we explain what the EU-US trade deal means for debt and global finance. What…
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…