Oversight Board Reviews New Fiscal Plan for Puerto Rico (tags)
Puerto Rico's oversight board reviews a new plan on economic growth and debt payments to the island's creditors in San Juan today.
Puerto Rico Archbishop Urges Congress, Governor and Creditors to Solve Debt Crisis (tags)
Ahead of a likely House vote this week, San Juan's Roman Catholic Archbishop, Roberto González Nieves OFM, announced his support for Puerto Rico debt crisis legislation in an op-ed to The Hill.
At the end of yet another «historic» marathon session Brussels negotiations between the Greek government and its creditors, a «definitive» agreement has yet again been found to «resolve" the Greek crisis: Greek Prime Minister Tsipras and his team have come to accept as a condition for new loans to the virtually bankrupt Greek government, a plan of austerity measures significantly harsher than he had rejected a week earlier and against which he had, supposedly, held a referendum! The only point where he apparently got something concrete, is that of the reduction in military spending: the creditors have accepted that it is weaker than what they asked for...
Statement of Solidarity With the People and Government of Greece (tags)
The following statement is issued by various progressive individuals and organizations from many parts of the world, but mostly in Asia-Pacific. A copy of the statement has already been sent to Syriza's international department.
Greek Bailouts for Creditors, not Economic Recovery (tags)
Greece
Kiev Reneges On Its Debt Obligations (tags)
Ukraine
Banks and Investors Call for New Debt Rules In Wake of Argentina Hedge Fund Case (tags)
The International Capital Market Association (ICMA), a group of banks and investors, will call Friday for reforms aimed at preventing repeats of the Argentina/NML Capital debt dispute.
Argentina Debt Payments Blocked by US Court (tags)
The Argentine government announced Thursday that it transferred funds to the Bank of New York Mellon to pay the 92% of bond holders who restructured after Argentina's 2001 default.
Argentina Responds to Supreme Court with Debt Swap Plan (tags)
In reaction to an adverse Supreme Court ruling against Argentina, President Cristina Fernández de Kirchner announced that Argentina would offer new bonds to its creditors governed under Argentine law. The proposed debt swap would involve the 92% of the country's creditors that agreed to restructure in the wake of the country's 2001 default. While the debt swap proposes an alternative for the South American country to avoid paying hold-outs, it fails to reverse the global implications on debt markets, debt restructuring and financial stability.
Supreme Court Considers Taking Hedge Fund/Argentina Case with Global Poverty Impacts (tags)
The US Supreme Court is considering whether or not to accept an international debt case that will impact global poverty and poor country access to credit.
Argentina Payment Plan Would Protect Poor Hedge Fund Holdout - NML Capital - has Until Apr (tags)
The IMF Dictates More Than Ever (tags)
"Many developing countries that were independent in food production at the start of the 1980s import food necessary for their populations today. The subsidized agriculture of western countries has flooded the cou9ntries of the South. Haiti imports the rice that it once cultivated.."
Creditor instead of Citizen (tags)
Do the capital markets undermine democracy?
Hypocrisy that underlies HIPC (tags)
Vultures at the IMF/World Bank use accounting tricks to starve and further impoverish the poor.
Sachs says: 'Forget Debt, Spend on AIDS' (tags)
Columbia University economist Jeffrey Sachs says poor countries should simply stop making debt service payments and spend that money on health & education instead. As Jubilee South says, "Don't Owe, Won't Pay."