Initial reflections on the UN decision to establish a multilateral legal framework for the processes of public debt restructuring

By Jubileo Sur Americas , Lutheran World Federation , CADTM AYNA Since the imposition of the economic policies of the last dictatorship |1|, the Argentine people have continued to suffer the impacts and consequences of the debt generated in that period and its subsequent restructurings. Amidst repeated crises and via structural adjustment after another, a model…

Global week of action against the Debt and International Financial Institutions (IFI), 8-15 October 2014

Argentina has fallen prey to a bunch of hedge funds known as ‘vulture funds’. Taking advantage of the precarious financial situations of some States, these vulture funds buy debts at a discounted price on a secondary market and then sue the debtors for the initial amount to which they add interests, penalties, and legal expenses.…

Stop Debt Vultures: Implications of the Vulture Attack on Argentina 

DDCI has released analysis in response to the extraordinary legal case of vulture funds attacking Argentina for over US$ 1 billion and has called for an end to vulture fund predatory behaviour. The implications of the vulture fund case against the Government of Argentina, being heard in New York, was wide-ranging implications for the hopes for debt…

‘Shame is our biggest enemy’

Nick Dearden, Jubilee Debt Campaign UK We woke up to find the Bulgarian Government had fallen, after trying to impose exactly the sort of austerity programmes being witnessed right across Europe. In a country with the lowest wages in Europe, the recent privatisation of energy caused prices to rocket, leaving some families spending the majority…