"JERSEY'S EVENING PROPAGANDA"
do you ever wonder why the (Jersey Evening Post) will not create a comments section for certain stories of vital importance to the people of Jersey ?
Disclaimer: the posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.
Search This Blog
Monday, 27 June 2011
"Time To Stop The Parasites"
Third world debt role questioned
Chief Minister Terry Le Sueur
AN official inquiry has been launched into Jersey’s role in forcing third world countries to pay millions of pounds in crippling debt.
Chief Minister Terry Le Sueur has revealed that senior Law Officers, top-ranking civil servants and finance experts have met to look at whether so-called vulture funds should be allowed to use Island courts to chase debts.
The funds buy up the debts of developing countries for a fraction of the amount owed and then aggressively pursue the debtors through the courts to recover as much as possible. Some of the debts date back to the 1980s, with nations having already paid back the original figure borrowed several times over.
Below is a green link to the Tom Gruchy blog that covered this topic very well last year.