Stop the Debt Vultures
The vulture threat They’re the financial speculators chasing obscene profits from debt crises around the world. Again and again – from Argentina to Zambia, Liberia to Greece, Congo to the…
The vulture threat They’re the financial speculators chasing obscene profits from debt crises around the world. Again and again – from Argentina to Zambia, Liberia to Greece, Congo to the…
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,…
The cost of austerity packages imposed in the name of paying debts in Europe has been high. In Portugal fees for health care have been imposed, costs for utilities have…
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…
Liberal Democrats fail to follow Norway’s debt audit lead. Documents released under the freedom of information act to Jubilee Debt Campaign have revealed that all of the debt the UK…
A tribunal in Hamburg has decided on Saturday that the Argentine navy ship seized in Ghana, the ARA Libertad, should be released back to the South American country. The ARA…
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…
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 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…
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…