Debt

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.

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.

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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.

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.

 

Zambia: Condemned to debt

April 2004

How the IMF and World Bank have undermined development

Treacherous conditions

May 2003

How IMF and World Bank policies tied to debt relief are undermining development

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The global south is being left at the mercy of the financial markets. We must keep campaigning to prevent a full-blown debt crisis


23 July 2020

While lockdown is easing here in Britain, across the world coronavirus cases continue to rise. In some countries, like El Salvador, health systems have been overwhelmed. In others, including parts of India, strict lockdowns have had to be reimposed in parts of the country. Across Africa, infections are rising rapidly.

The G20 continues to ignore calls to cancel the debts of the world’s poorest countries and stop funding fossil fuels

When the World Health Organisation (WHO) declared Covid-19 a global pandemic in March, it meant understanding that no one is safe unless everyone is safe. To fight against its spread, it's in everyone’s interest to bring the pandemic under control.

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.

Resources

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Drop Debt, Save Lives Supporter Toolkit

August 2020

Covid-19 and the debt crisis in developing countries

As the world continues to battle coronavirus, the pandemic is wreaking havoc on the economies of lower-income countries and could push 500 million more people into poverty. Governments desperately need money to

Aid
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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
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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.

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.”