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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

offsite link Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 20:31 | imc

offsite link Fraud and mismanagement at University College Cork Thu Aug 28, 2025 18:30 | Calli Morganite

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offsite link AI Reach: Gemini Reasoning Question of God Sat Aug 02, 2025 20:00 | Mind Agent

offsite link Israeli Human Rights Group B'Tselem finally Admits It is Genocide releasing Our Genocide report Fri Aug 01, 2025 23:54 | 1 of indy

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Scientists Demand Ban on Bacon, Claiming Link to 54,000 Cases of Cancer Sat Oct 25, 2025 11:00 | Will Jones
Scientists are calling for a ban on supermarket bacon and ham after the chemicals used in their production were linked to more than 50,000 bowel?cancer?cases.
The post Scientists Demand Ban on Bacon, Claiming Link to 54,000 Cases of Cancer appeared first on The Daily Sceptic.

offsite link ?Diversity? Never Includes Those Not Keen on ?Diversity? Sat Oct 25, 2025 09:00 | James Alexander
Prof James Alexander has had his fill of 'inclusive' politicians who love 'diversity' so much that they must silence all the 'fascists' i.e., people to the Right of Karl Marx who don't love 'diversity' as much as they do.
The post ‘Diversity’ Never Includes Those Not Keen on ‘Diversity’ appeared first on The Daily Sceptic.

offsite link While Sadiq Khan Frolics on Billionaire Pal?s Gas-Guzzling Superyacht, Ulez is Exposed as a Money-Ma... Sat Oct 25, 2025 07:00 | Tilak Doshi
While Sadiq Khan frolics on a billionaire pal's gas-guzzling superyacht, his 'clean air' Ulez scheme is exposed as a money-making ruse at the expense of hardworking Londoners, says Dr Tilak Doshi.
The post While Sadiq Khan Frolics on Billionaire Pal’s Gas-Guzzling Superyacht, Ulez is Exposed as a Money-Making Scheme at the Expense of Hardworking Londoners appeared first on The Daily Sceptic.

offsite link News Round-Up Sat Oct 25, 2025 01:18 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Epping Migrant Sex Offender Accidentally Released From Prison Fri Oct 24, 2025 18:50 | Will Jones
A police manhunt has been launched after the Epping Hotel asylum seeker who sexually assaulted a woman and?a 14 year-old girl?was accidentally released from jail due to "human error".
The post Epping Migrant Sex Offender Accidentally Released From Prison appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Argentina Responds to Supreme Court with Debt Swap Plan

category international | miscellaneous | news report author Wednesday June 18, 2014 20:19author by Erin Kelso - Jubilee USAauthor email outreach at jubileeusa dot org Report this post to the editors

Global Consequences of Court Ruling Remain Intact

In reaction to an adverse Supreme Court ruling against Argentina, President Cristina Fernández de Kirchner announced that Argentina would offer new bonds to its creditors governed under Argentine law. The proposed debt swap would involve the 92% of the country's creditors that agreed to restructure in the wake of the country's 2001 default. While the debt swap proposes an alternative for the South American country to avoid paying hold-outs, it fails to reverse the global implications on debt markets, debt restructuring and financial stability.

In reaction to an adverse Supreme Court ruling against Argentina, President Cristina Fernández de Kirchner announced that Argentina would offer new bonds to its creditors governed under Argentine law. The proposed debt swap would involve the 92% of the country's creditors that agreed to restructure in the wake of the country's 2001 default. While the debt swap proposes an alternative for the South American country to avoid paying hold-outs, it fails to reverse the global implications on debt markets, debt restructuring and financial stability.

"Argentina may have a way to avoid paying the hedge funds but it won't change how the court precedent equips predatory funds with a powerful ruling to force the poorest countries into submission," stated Eric LeCompte, Executive Director of the religious anti-poverty organization Jubilee USA. "The impact of this ruling stretches far beyond Argentina."

The hold-out creditors include hedge funds popularly referred to as "vulture funds" because they buy debt cheaply when a country is in financial distress. Then the predatory funds sue them for full payment when the country experiences recovery or has attained new assets earmarked for social investment. The International Monetary Fund, World Bank, United Nations and US government have all expressed concern about the impact of a ruling in favor of these funds. They have noted that the precedent set by this case could make it more difficult for developing countries to receive debt relief and lead to greater financial instability. Jubilee USA made these arguments in a brief on behalf of Argentina before the high court, representing nearly 80 faith communities and national religious and development organizations.
"Essentially, the ruling legitimizes this extreme behavior and makes it more profitable across the globe," said LeCompte. "Poor people and legitimate investors still lose the most with this ruling."

Read a history and timeline of the case: http://www.jubileeusa.org/truth-about-debt/vulturefunds....html .

Read Jubilee's USA's filing urging the Supreme Court to take case: http://jubileeusa.org/fileadmin/13-990__-991_Amici_Brie...4.pdf .

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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