18 December, 2007

Stop Vulture Funds!

Vulture funds are private companies that buy up cheap poor country debts, and then sue for huge profits. Earlier this year Donegal International sued Zambia for $55 million from a debt it bought for $3 million. It was awarded over $15 million - money which Zambia needed to invest in teachers, doctors and clean water supplies.

http://www.jubileedebtcampaign.org.uk/?lid=2893

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