Jubilee Debt Campaign

Jubilee Debt Campaign: Iceland voters should demand new debt system

Iceland voters should demand new debt system

Campaign group calls for arbitration over Icesave debts; new international system would help fight poverty

Jubilee Debt Campaign (1) has called for an arbitration system to be established to settle the Icesave debt row, as Iceland’s voters go to the polls on whether to accept British and Dutch repayment terms tomorrow (2). They believe a ‘no’ vote in Iceland should prompt a radical shake-up in the way international debt is handled, which would mean that debts are not used as an justification for creditors forcing unjust measures onto debtor countries.

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