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philip rizk

Jubilee Debt Campaign UK : Latest news : Nick Dearden blog from Athens Debt conference - 0 views

  • It was particularly relevant then that this morning's sessions, which focussed on lessons for Europe from the global South, looked in some detail as to how the 'Third World debt' crisis had been created and prolonged by all manner of 'bail-out' and restructuring packages. We heard from representatives from Peru, the Philippines, Brazil, Morocco, Argentina, and Zimbabwe (virtually), who showed how their debt crises were used to force detrimental policies on their countries by institutions like the International Monetary Fund, which set back their economies for decades.
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    "It was particularly relevant then that this morning's sessions, which focussed on lessons for Europe from the global South, looked in some detail as to how the 'Third World debt' crisis had been created and prolonged by all manner of 'bail-out' and restructuring packages. We heard from representatives from Peru, the Philippines, Brazil, Morocco, Argentina, and Zimbabwe (virtually), who showed how their debt crises were used to force detrimental policies on their countries by institutions like the International Monetary Fund, which set back their economies for decades. "
philip rizk

Icelandic voters reject Icesave debt repayment plan | World news | guardian.co.uk - 0 views

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    "economic and political chaos"
philip rizk

Time to end the underwriting of unethical business abroad | Lisa Nandy | Comment is fre... - 0 views

  • When the project buyer fails to pay up, the ECGD can turn this into "third world" debt
philip rizk

Global finance has dysfunction at its heart | Ha-Joon Chang | Comment is free | The Gua... - 0 views

  • While this debate is crucial, it should not distract us from the urgent need to reform our financial system, whose dysfunctionality lies at the heart of this crisis
  • why not simply ban products whose safety cannot be convincingly demonstrated, as we do with drugs
philip rizk

Three years after Lehman, a new debt crisis looms | Business | The Guardian - 0 views

  • By effectively nationalising a good chunk of the debts accumulated by the private sector, western governments have now raised concerns about their own solvency
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