https://jacobin.com/2023/06/joe-biden-student-loan-debt-relief-supreme-court-mohela/ #StudentDebt #debt #StudentLoans #DebtCancellation

Today, there are actions happening around the world to demand Global South debt cancellation - a necessary precondition to enable a just transition.

Here's a great thread on the background by @DebtforClimate

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RT @DebtforClimate
1/14 70th anniversary of #Germany's #DebtCancellation after #WWII! This laid the foundation for 🇩🇪’s economic "miracle". Here’s why a debt cancellation for the Global South is a necessary precondition to…
https://twitter.com/DebtforClimate/status/1629940065982922752

Today, 70 years ago, the London Debt Agreement resulted in the cancellation of half of Germany’s debt. Germany’s economic miracle was built on debt relief.

"Yet the generosity shown to Germany is denied to today’s developing nations." #DebtCancellation
https://www.theguardian.com/commentisfree/2023/feb/26/the-guardian-view-on-germanys-economic-miracle-it-was-built-on-debt-relief

RT @DebtforClimate
1/14 70th anniversary of #Germany's #DebtCancellation after #WWII! This laid the foundation for 🇩🇪’s economic "miracle". Here’s why a debt cancellation for the Global South is a necessary precondition to enable a #JustTransition & #ClimateJustice!
#DebtForClimate
🧵👇

"We need equitable and sustainable solutions to financing the climate emergency and the demands for debt cancellation, grant-based finance and climate reparations are based on the principle of polluter pays which is crucial to achieve climate justice."

#GlobalSouth #DebtCancellation #Debt #Cancellation

https://labouroutlook.org/2022/12/06/debt-cancellation-and-climate-reparations-the-global-south-deserves-more-action-post-cop27/

"The campaign group Debt Justice said Sri Lanka was one of several countries which had defaulted on, or were seeking debt restructuring, since the #Covid pandemic began.

Ghana became the latest country to suspend many of its external debt payments last month, following #Lebanon, #Suriname, #Ukraine and #Zambia."

#HedgeFunds holding up vital debt relief for crisis-hit #SriLanka, warn economists | #DebtCrisis #DebtCancellation | The Guardian
https://www.theguardian.com/business/2023/jan/08/hedge-funds-holding-up-vital-debt-relief-for-crisis-hit-sri-lanka-warn-economists

If you could take $1 in public dollars and convert it (nearly) instantly into $100 in economic stimulus targeted at your most vulnerable residents, would you do it?

A growing number of cities are saying yes. It works through canceling #MedicalDebt

I report on it this week for Next City:

https://nextcity.org/urbanist-news/rip-medical-debt-toledo-chicago-cancel-hospital-bills #debt #debtcancellation