Written on: May 6, 2013
It’s a good time to revisit our corporate stand on Debt Relief that was affirmed in October 2000. At that time the Grey Nuns of the Sacred Heart joined a worldwide movement to cancel the crushing international debt of impoverished countries. We realized the complexity of world economics and so joined other organizations around the globe in seeking understanding of and solutions to the debt crisis. Jubilee USA is one of those organizations with whom we have been collaborating. You are invited to reread our corporate stance statement on Debt Relief on our website by clicking on the appropriate tab at the top of the homepage. I think you will find it quite timely considering the action request from Jubilee USA that follows.
Within days we expect an outcome from the 2nd Circuit Court case on Vulture Hedge Funds versus the country of Argentina. The outcome of the case will either hurt or protect the world’s most vulnerable. This case has the possibility to strengthen or dismantle the billions we’ve won on debt relief.
After reading the article, please help us get the story out. The mainstream media is covering Jubilee’s voice, but recently some coverage is citing our opinion as representing a minority – not the majority voice that we actually represent. We need you to forward this e-mail to friends. Post Eric’s piece on your Facebook page and tweet it so that we can get the real story out there.
Recently, Eric LeCompte, Executive Director of Jubilee USA, represented Jubilee at the UN Economic and Social Council (ECOSOC) Meetings. He spoke on the floor of the United Nations about vulture funds and the implications of this historic case on the world’s poorest people. Every country, investor and international institution in the room echoed his comments.
Please consider spreading the word. It’s easy and very worthwhile.