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  • 9.10.2019

    Focus Paper: Action, not obstruction!

    The erlassjahr.de 2018 Global Sovereign Debt Monitor showed that the global debt crisis has arrived. For more than a year now, the International Monetary Fund (IMF) has also been ringing alarm bells. Unlike past debt crises, these alarm signals are not being ignored or denied by representatives of public and…

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  • 8.4.2019

    Global Sovereign Debt Monitor 2019

    Currently, 122 out of 154 countries examined are critically in debt, just under 80 per cent. The situation is particularly alarming in Bhutan, Mongolia, Gambia, Cape Verde Islands, Jamaica, Bahrain and Lebanon. In almost three-quarters of the 122 critically indebted countries, the majority of debt indicators has worsened over the…

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  • 10.10.2018

    Arguments against a Sovereign Debt Workout Mechanism

    In most countries, if a person or a company is not able to repay its debt, national insolvency laws settle how much the creditors are entitled to. If necessary, the court decides this question - the judge of course has to be impartial. This is not only fair to everyone…

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  • 1.10.2018

    Africa – on the creditors’ hook

    Is Africa once again on the hook of rich creditors and does it steer into a next ­continent-wide debt crisis? The conference on 6 December 2018 centers around dramatically increasing debt indicators in lots of African countries. There will be simultaneous German/English translation. Participation is free, registration is requested.

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  • 10.4.2018

    Global Sovereign Debt Monitor 2018

    119 countries in the Global South are critically in debt. The debt trend continues: in 87 of these countries, the situation has worsened in the last four years. 13 countries have ceased payments to creditors. These are the results of the Global Sovereign Debt Monitor 2018.

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  • 19.3.2018

    Jubilee Caribbean demanding debt cancellation in case of natural catastrophes

    Every eleven years, the small island states in the eastern Caribbean are hit by category 5 hurricanes following the Saffir-Simpson Hurricane Wind Scale. Last year, the hurricanes ‘Irma’ and ‘Maria’, measured with a wind velocity up to 300 kilometres per hour, caused destruction of more than double the annual economic…

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  • 2.6.2017

    FTAP-Update: June 2017

     1. Outcome of the G20 Finance Ministers' meeting erlassjahr.de and international colleagues staged action outside the Baden Baden casino in March, in order to demonstrate how rising debt levels suffocate poor countries' economies. Still, the ministers' communiqué makes only scant reference to global debt problems; one of these references, however,…

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  • 12.4.2017

    Debt Relief in Baden-Baden

    20 people dressed in the flags of the Debt20-countries, about 150 activists, many journalists and camera teams and – as expected – not one finance minster to perform a symbolical debt relief. Jürgen Kaiser, who is the policy coordinator of Jubilee Germany, held a speech directly opposite the Baden-Baden “Kurhaus”…

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  • 17.3.2017

    Global Sovereign Indebtedness Monitor 2017

    The article lists debt indicators for all those countries that show debt indicators above critical thresholds for end-2015.  It shows that 116 countries in the Global South are critically indebted, which is 33 more than only two years ago. The highest average debt indicators are shown by affected countries in the CIS /…

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  • 8.12.2016

    Debt20 campaign hands over supporter logos to the upcoming German G20 presidency

    During a short ceremony in the German development ministry state secretary Thomas Silberhorn in representation of the German government received 185 institutional logos of organisations, which support the G20 call for a fair and efficient debt workout mechanism on November 9th 2016. Geoffrey Chongo of the Jesuit Centre for Theological…

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