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Nick Dearden is Director of the Jubilee Debt Campaign. His articles are regularly published on this site and can be accessed below.
The economic causes of Egypt's revolution are obscured by political and religion tensions, and barely discussed in the mainsteam media. But the path to genuine development, a fairer distribution of wealth and falling poverty remains open – unless the IMF gets its way, writes Nick Dearden.The State of Debt
Thirty years of debt crisis have devastated livelihoods across the world. Debt cancellation finally released some countries from one debt trap, but the First World Debt Crisis shows yet again why reckless lending and borrowing need to be governed and controlled, says a report by the Jubilee Debt Campaign.Greek Austerity is ‘Structural Adjustment for Europe’
What is happening in Greece today mirrors what has been happening in the developing world for 30 years – unaccountable international institutions demanding a pound of the people’s flesh in exchange for bailing out banks and rewarding speculators, says the Jubilee Debt Campaign.Vulture Funds Profit from Greek Misery
As EU negotiations begin in Athens to hammer out a bail-out package, there is mounting evidence that speculative hedge funds are playing a role in preventing a deal. A crack down on the activities of these ‘vulture funds' is needed as part of a much wider programme of debt cancellation for Greece, writes Nick Dearden.Greek Tragedy: The Autocracy of Lenders
The European bail-out is pumping public funds into largely unreformed private banks while Greece’s population pays the price under harsh austerity measures. A new ‘Debt Court’ would hold irresponsible lenders to account and protect the rights of those living in debtor states, writes Nick Dearden.Behind the Banker's Mask
Across Europe, one idea that has fuelled the imagination of activists is for a ‘debt audit’. By opening a countries’ finances to public examination and analysis, these can unveil how and in whose interests an economy works and help pave the way for a truer form of democracy, says Nick Dearden.Free Trade Is Not What Africa Needs, Mr Cameron
The western ‘free trade’ model has been of no benefit to Africa. Prosperity for African nations requires protecting industries, control of food production and banking, progressive tax structures, and strong regulation to ensure trade and investment really benefits people, writes Nick Dearden.Debt and Austerity: Activist Summit Calls for Audit Commission
On 6-8th May 2011, more than 400 activists and academics from across the world met in Athens to confront the drive for austerity in European countries dealing with sovereign debt crises. The meeting galvanised the growing push for an independent debt audit commission and new economic vision for Europe.IMF Loans: No End to Harsh Conditions
Claims of reform by the International Monetary Fund on the harsh loan conditions for which it is renowned do not stand up to close scrutiny. In depression-hit eastern Europe the institution is rapidly becoming as unpopular as it once was in Africa.Time to Ditch the Dollar
The push to replace the US dollar as the global reserve currency is growing, but what is the alternative? A new global framework must be established outside the IMF based on shared responsiblity, argues Nick Dearden.Iceland Proves that the Debtor Has Rights Too
Iceland's highly indebted financial system has been one of the greatest victims of the credit crunch. In response, the Icelandic government has promised only to repay its debts at a rate it could afford - a potential landmark decision for debtor nations in the developing world, says Nick Dearden.Time to Pay our Climate Debt
Since industrialised countries are most responsible for global warming, they owe poorer countries a ‘climate debt’. Rich countries need to pay off that debt by helping poorer countries adapt to climate change and by sharing the world's atmospheric space more fairly, says Nick Dearden.Rich Nations Shut Out the UN
Poor countries have fought hard for a UN summit on the financial crisis but rich countries prefer to control the world economy as the exclusive G8. It is no surprise that the UN fails to play an effective role in global governance when the richest countries prevent it from doing so, argues Nick Dearden.G20 London - Put People First!
In anticipation of April's G20 meetings in London, tens of thousands of protestors are expected to march from Victoria Embankment to Hyde Park on Saturday 28th March 2009 as part of a nationwide 'Put People First!' campaign - asking Ministers to prioritise jobs, justice and the climate.
|Climate Change & Environment|
|Global Financial Crisis|
|Global Conflicts & Militarization|
|IMF, World Bank & Trade|
|Poverty & Inequality|
|Aid, Debt & Development|
|The UN, People & Politics|
|Food Security & Agriculture|
|Health, Education & Shelter|
|Land, Energy & Water|
|Economic Sharing & Alternatives|