Nick Dearden

Entries by Nick Dearden

Guatemala's Genocide Conviction Is Historic - But Rios Montt Can't Go Down Alone

(0) Comments | Posted 17 May 2013 | (09:59)

Former Guatemalan military dictator Efrian Rios Montt was found guilty of genocide this week. It's time to go after those who funded him.

The historic judgement by a Guatemalan court this week against one of that country's most brutal military leaders - Efrian Rios Montt - is...

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The Vultures vs Argentina: The Debt Case of the Century

(1) Comments | Posted 26 November 2012 | (16:20)

It has been called 'the sovereign debt case of the century'. Argentina's economy is being held to ransom by a small handful of very wealthy speculators. If Argentina doesn't give in to their demands by 15 December, so a New York court has ruled, the country will be...

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'Finance Knows Best' Will Fail Development Just as it's Failed the Global Economy

(1) Comments | Posted 17 April 2012 | (12:51)

Four years into the worst financial crisis of modern times, it should not come as a surprise that leaving decisions to financial markets will often fail to produce the best social outcome.

As former Nigerian Governor James Ibori is sentenced this week after pleading guilty to 10...

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Irish Deal Simply Recycles Zombie Debts

(0) Comments | Posted 30 March 2012 | (16:48)

Ireland's complex proposal for renegotiating its debts today recalls the many years of debt restructuring experienced by Third World countries over the last three decades. Far from giving those countries a fresh start, these negotiations kicked the problem down the road.

So will the debt negotiations in...

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Vulture Funds Profit From Greek Misery

(0) Comments | Posted 17 January 2012 | (20:22)

As EU and IMF negotiators head back to Greece, hedge funds hold out for their pound of flesh.

The hamstrung negotiations over a new Greek bail-out recommence tomorrow with little sign of resolution. As the Greek economy suffers from rapidly rising unemployment and debt levels, and its...

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Argentina Showed That Justice Means Standing up to the Financial Markets

(0) Comments | Posted 8 August 2011 | (14:11)

In response to Robert J. Shapiro's response to my article in the Huffington Post.

My article 'Vulture Funds - coming to a country near you?' has certainly ruffled the feathers of Robert J Shapiro, co-chairman of the American Task Force Argentina, which represents some vulture funds....

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Vulture Funds - Coming to a Country Near You?

(1) Comments | Posted 2 August 2011 | (00:00)

Europe should learn from Argentina's experience of fighting off vultures, before it's too late

Last year we won a campaign against what we call vulture funds - companies that buy up defaulted developing country debt cheaply in order to sue the country concerned for the full value...

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