Debt

Global Justice Now called on the British Government to support Argentina in its stand-off with its private sector lenders, ahead of the country’s formal default deadline on Friday. If Argentina goes into default, it is likely to be the first of many countries, as enormous debt burdens prevent government dealing with the coronavirus crisis across Africa, Asia and Latin America.

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Exiting the permanent crisis in the global south

April 2020

The case for a global financial reset in the wake of Covid-19 

Even in the wealthiest countries on earth, years of austerity combined with ‘market knows best’ ideology has hollowed out our ability to deal with coronavirus. But for many countries in the global south, the weakness of the public sector was not a democratic choice but was imposed by rich countries and international institutions like the IMF...

Aid

Campaigners call for $40 billion of debts to be cancelled in 2020, as IMF announces $0.5 billion fund.

The new debt crisis


17 February 2016

In the markets of Mozambique before Christmas there was a sudden increase in the price of food. The price of maize shot up by a quarter, tomatoes by a third and cooking oil by over 10%.

Paradoxically, this surge in food prices is linked to the same reasons why prices in other parts of the world are falling.

Greece is for sale – and everything must go


19 August 2015

I've just had sight of the latest privatisation plan for Greece. It's been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece's ‘valuable assets’.

Last night activists from Global Justice Now and Jubilee Debt Campaign projected “Cancel Greek Debt” in giant letters against the German embassy in West London, below a a mock-up of German Chancellor Angela Merkel  as the three wise monkeys (‘see no evil, hear no evil, speak no evil’). The series of projections also included a the slogan “OXI – no to Debt and Austerity.”

This morning we teamed up with Jubilee Debt Campaign to hold a solidarity protest at the ‘Elgin Marbles’ in the British Museum with a banner saying "OXI No - No More Looting - Support Greece"

In Defence of Greece: 6 Myths Busted

Greece may be forced to leave the Eurozone before the end of the week. As Syriza has been consistently represented in the mainstream media as an irresponsible and ideologically-driven leftist government, it is important to unpack the seemingly common sense arguments against Syriza.

‘Debt vs democracy': Anti-poverty campaigners stage Greek solidarity protest in London

23 June 2015
Jun29
6pm in Trafalgar Square, London

Join us for a demo today in Trafalgar Square.

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The new debt crisis


17 February 2016

In the markets of Mozambique before Christmas there was a sudden increase in the price of food. The price of maize shot up by a quarter, tomatoes by a third and cooking oil by over 10%.

Paradoxically, this surge in food prices is linked to the same reasons why prices in other parts of the world are falling.

Greece is for sale – and everything must go


19 August 2015

I've just had sight of the latest privatisation plan for Greece. It's been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece's ‘valuable assets’.

In Defence of Greece: 6 Myths Busted

Greece may be forced to leave the Eurozone before the end of the week. As Syriza has been consistently represented in the mainstream media as an irresponsible and ideologically-driven leftist government, it is important to unpack the seemingly common sense arguments against Syriza.

Why I'm standing with Greece in Trafalgar Square this evening


29 June 2015

It’s all too easy, when you hear of markets in disarray and banks closing on the other side of the continent, to forget about the terrible human impacts of the crisis in Greece.

What is happening to Greece is a repeat of the failed structural adjustment policies of the 1980s and 90s


21 February 2012

As Eurozone finance ministers sat down in Brussels to decide on Greece's future, across town a well-timed University of London conference was underway to try to learn lessons from Latin America's own debt crisis in the 1980s and '90s. Eurozone ministers would have done well to attend because what happened in Latin America three decades ago bears a striking resemblance to what is currently taking place in Europe.

 

Resources

Resource thumbail

Exiting the permanent crisis in the global south

April 2020

The case for a global financial reset in the wake of Covid-19 

Even in the wealthiest countries on earth, years of austerity combined with ‘market knows best’ ideology has hollowed out our ability to deal with coronavirus. But for many countries in the global south, the weakness of the public sector was not a democratic choice but was imposed by rich countries and international institutions like the IMF...

Aid
Resource thumbail

Why we are taking action for Greece, and other questions

June 2015

The bailouts which Greece was given have not benefited the people of Greece one bit. They have flowed into the European banks that recklessly lent the country money. Meanwhile, the financial speculators who created Greece’s woes are actually making large profits by gambling on this ongoing crisis.

We have joined a coalition of organisations in taking action against Greek debt and an end to the enforcing of austerity policies that are causing injustice and poverty in Europe and across the world.

Zambia: Condemned to debt

April 2004

How the IMF and World Bank have undermined development

Latest news

Global Justice Now called on the British Government to support Argentina in its stand-off with its private sector lenders, ahead of the country’s formal default deadline on Friday. If Argentina goes into default, it is likely to be the first of many countries, as enormous debt burdens prevent government dealing with the coronavirus crisis across Africa, Asia and Latin America.

Campaigners call for $40 billion of debts to be cancelled in 2020, as IMF announces $0.5 billion fund.

Last night activists from Global Justice Now and Jubilee Debt Campaign projected “Cancel Greek Debt” in giant letters against the German embassy in West London, below a a mock-up of German Chancellor Angela Merkel  as the three wise monkeys (‘see no evil, hear no evil, speak no evil’). The series of projections also included a the slogan “OXI – no to Debt and Austerity.”