This article was written by Dr Scott Arthur. In 2006 Alex Salmond told Scotland that “PFI was a quick fix and a costly mistake”. If elected (he was), he was going to ensure “our public assets can be held in trust for the nation all without the unnecessary private profit that is part and parcel of […]
Articles and Blogs
How Globalisation Has Led To Debt Slavery For Millions
There are more slaves on the planet today, than there have ever been at any point in history. Ever. This does not even take into account those who operate under debt slavery – i.e. those who are not enslaved but have no means to get out of their situation – for example sweatshop workers. In […]
Join Us In Our Fight Against CETA
CETA is the Comprehensive Economic and Trade Agreement between the EU (still including us) and Canada. In late October we saw the deal signed but that doesn’t mean it is set in stone yet – we still have a chance to stop it. The deal still has to be approved by the European Parliament and […]
LOBO Loans a Low-Blow to Struggling Local Authorities
This week has been awash with news on the Scottish debt problem. Put simply every year Scottish Local Authorities are forced to allocate on average 42% of their income from council tax to servicing debts, many of them procured since 2008. The problem is not that local authorities have been borrowing to finance large scale […]
Annual Report 2016
View this year’s report highlighting some of our main activities over the 2015-16 period. Full financial details to be added shortly. Spread the word…
A Word From Our New Campaign Director
I’m delighted to have been given the privilege of becoming the new Campaign Director for this brilliant organisation. I have always loved a challenge and there can be none bigger than dealing with global issues, taking on the rich countries and corporations who force others into a cycle of debt. Increasingly, trouble with debt isn’t just an […]
Puerto Rico: The Vultures’ Next Victim?
Puerto Rico is in crisis. What’s more, this is a crisis Puerto Rico currently has zero power to mitigate. Sitting at over $70 billion – or around $20,000 per head of population – the island’s mountain of debt is, first of all, simply unpayable. “This is not politics”, says its governor, “this is math”. […]
Second Day On The Job: Arms, Debt & Divestment
I joined Jubilee Scotland at the end of October, an exciting time to do so. Following my induction day, the very first item on my agenda was to attend an event led by our partners from the Campaign Against the Arms Trade (CAAT) in collaboration with Jubilee Scotland and facilitated by our friends at […]
Who is the Greek bailout really for
Image courtesy of (erlassjahr.de/Irene Mehl Illustration). translation: “Good afternoon, ladies. I hear you urgently need cash. I have some interesting offer with regard to the privatisation of your stable door!” The ECB and EU have successfully beaten down Greece’s attempt to prevent more brutal austerity in return for massive bailout loans. Most recently the Greek […]
Outcome of UN Ad Hoc Committee on Debt restructuring seen as first step
The final meeting of the committee adopted the new UN Principles on Sovereign Debt Restructuring Processes. This a set of nine principles to guide future debt restructuring processes, and future UN regime-building work in this area. This set builds on the five principles of the UNCTAD Roadmap that was released earlier this year, the remaining […]
Greek Debt Audits finds debt is illegitimate
As negotiations between the Greece and its creditors remain at a standstill the Debt Truth Committee has released its preliminary report. In the executive summary the Committee states: “All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay […]
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