Vulture funds take control of Cooperative Bank
The same vulture fund which is trying to make Argentina default on its debt has now wrested the Cooperative Bank out of cooperative hands. Aurelius Capital Management, along with Silver…
The same vulture fund which is trying to make Argentina default on its debt has now wrested the Cooperative Bank out of cooperative hands. Aurelius Capital Management, along with Silver…
The tiny Caribbean island of Grenada, population 100,000, has stopped paying its £560 million debt. On Saturday, as the IMF and World Bank annual meetings got underway in Washington DC,…
Leaked minutes of IMF meetings in 2010 show that Argentina, Brazil, India, Russia and Switzerland all argued that some Greek debt owed to private banks should be cancelled before any…
The US Supreme Court has today refused to hear Argentina’s appeal against vulture funds who are seeking a huge profit out of the South American country, whilst possibly forcing Argentina…
Business Minister Vince Cable has refused to respond to concerns raised by the Kenyan Debt Relief Network (KENDREN) about the legitimacy of Kenya’s debt to the UK. Kiama Kaara, Senior…
Over 10,000 people have signed our petition for a Jubilee for Justice calling for: Cancellation of the unjust debts of the most indebted nations Promotion of just and progressive taxation…
The UK government has backed loans to Pakistan, Indonesia and the Gambia without conducting any assessment of their impact, or the ability of the countries to repay. The revelations come…
I sometimes get asked, ‘If all countries are in debt, then who are they in debt to’? It’s a good question. Have we discovered life on another planet, who are…
Bilateral lending to come on top of aid already given as loans through the World Bank and others.
I bumped into the Business Minister whilst cycling through South London. Cycling to my Econowhat? reading group through Stockwell in South London last week, my eyes were drawn to the…