Jubilee USA

For Immediate Release

Organization Profile: 
Contact: 

Abby Wilhelm, Communications Director abby@jubileeusa.org
(202) 783-3566 x109

Jubilee USA Statement on Greek Eurozone Debt Negotiation

WASHINGTON - The International Monetary Fund, Eurozone Finance Ministers and Greek officials meet Thursday in Luxembourg to negotiate financing and further debt restructuring for Greece. 

Eric LeCompte, Executive Director of the religious development group Jubilee USA, releases the following statement:

"It's time to deal with Greece's debt now. Greece won't see sustainable economic growth unless it receives significant debt relief. We can't keep kicking the can down the road.

"In 1953, Germany benefited from a sweeping debt restructuring that included both significant debt relief and rescheduling debt payments into the future. The London Accord plan led to a prosperous Germany. Now we need a similar plan for a prosperous Greece and a prosperous European Union.

"We can never forget that Greece's high-stake debt negotiations have a growing human ‎cost. In order to limit austerity and protect people's livelihoods, serious debt relief must be a part of a solution as soon as possible."

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Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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