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Oproep in The Guardian voor een permanent arbitrage hof

Datum: 25-05-2010

Afgelopen zaterdag stond in de Britse krant The Guardian een ingezonden brief van Jubilee Nederland en andere Europese NGO's die zich bezighouden met de internationale schuldenproblematiek.

Jubilee Nederland ondersteunt de oproep van de Duitse bondskanselier Angela Merkel voor een 'orderly debt workout mechanism'. De wereld heeft behoefte aan een eerlijk en transparant permanent arbitrage hof.

Lees het hele artikel hier.

New approaches to debt and banking 

• The Guardian, Saturday 22 May 2010
• Article history

German chancellor Angela Merkel is right that the eurozone needs an orderly debt work-out mechanism (Report, 21 May). In fact, the world needs a permanent arbitration tribunal for dealing with debt disputes in a fair and orderly manner – a point underlined by a recent IMF report showing the permanent negative impact of the financial crisis on low-income countries. Even countries which have received substantial debt cancellation are again at high risk of debt distress. Clearly it is lending which needs to change.

An arbitration tribunal gives the opportunity to assume a fairer system of risk and responsibility between borrower and lender. The financial crisis is surely proof of how desperately this is needed. Such a step is only possible if debt arbitration is overseen by a neutral party and if it delves into the question of legitimacy of loans made – something called into question in the cases of both Greece and Iceland, but far more compelling in relation to many developing-world countries. Risk cannot be properly allocated in a system where the debtor has no independent access to justice or relief. A fair, neutral debt tribunal is surely an idea whose time has come.

Nick Dearden Jubilee Debt Campaign (UK)

Koos de Bruijn Jubilee Netherlands

Jürgen Kaiser erlassjahr.de (Germany)

André Rothenbühler Aktion Finanzplatz Schweiz (Switzerland)

Oygunn Brynildsen European Network on Debt & Development

Jostein Hole Kobbeltvedt Norwegian Church Aid

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