For Immediate Release
Argentina Sues United States at International Tribunal
Suit alleges US court's debt decision violates sovereignty
Eric LeCompte, Executive Director of the religious anti-poverty coalition, Jubilee USA Network, releases the following statement:
"This case illustrates that we need basic rules of responsible lending and borrowing in place in order to stop predators.
"If we had an international bankruptcy process, countries from Argentina to Grenada never would default and predatory actors are forced to sit at the table."
Jubilee USA Network is an alliance of more than 80 religious denominations and faith communities, human rights, environmental, labor, and community groups working for the definitive cancellation of crushing debts to fight poverty and injustice in Asia, Africa, and Latin America.