Vulture funds are companies, often with a secret or hidden identity, which buy ‘bad’ debt at cheap prices and then attempt to recover the full amount by suing the original debt holder. These companies often target failing companies, however, more worryingly there has been an increased tendency to also target poor countries.

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 Looking ahead...

G20 coming to Scotland!
On November 7-9th the G20 Finance ministers including Alistair Darling will meet in St. Andrews to thrash out deals on how the world responds to the global financial crisis. In September and October Jubilee Scotland alongside a host of other campaign organisations will be running workshops, lobbies and other actions to campaign on the common themes of Jobs, Justice and climate. Be sure not to miss out, contact us to find out more.

The last time the G20 met was in London in March when the G20 leaders came up with a variety of proposals to deal with the financial crisis. Jubilee Scotland joined 35,000 people on the streets to demonstrate that the only way to come out of the crisis is to Put People First! click here to read the Put People First assesment of the G20 London Summit