{"id":6205,"date":"2010-02-24T15:44:10","date_gmt":"2010-02-24T13:44:10","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6205"},"modified":"2010-02-24T15:44:10","modified_gmt":"2010-02-24T13:44:10","slug":"a-wake-up-call-from-vultures","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/24\/a-wake-up-call-from-vultures\/","title":{"rendered":"A wake-up call from Vultures"},"content":{"rendered":"<p><a href=\"http:\/\/debtonation.org\/2010\/02\/a-wake-up-call-from-vultures\/\">Debtonation  \u00ac\u00aa Blog Archive   \u00ac\u00aa A wake-up call from Vultures <\/a>.<\/p>\n<p>Ann Pettifor in fine form:<\/p>\n<blockquote><p>In the international financial system, the Rule of Law seldom applies.<\/p>\n<p>It is in this context that a wake of vultures (for that is the collective noun) hovers over weakened debtor nations as diverse as the Congo, Iceland, Greece and Portugal and operate in a context of weak international law.<\/p>\n<p>They are international creditors, and their presence reminds us once again of the urgent need for governments to co-operate to devise international law to protect effectively insolvent sovereign nations from rapacious creditors. In just the same way that e.g. the US&rsquo;s Chapter 11 protects insolvent companies from creditors.<\/p><\/blockquote>\n<p>Quite so, and she chillingly documents why.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debtonation \u00ac\u00aa Blog Archive \u00ac\u00aa A wake-up call from Vultures . Ann Pettifor in fine form: In the international financial system, the Rule of Law<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/24\/a-wake-up-call-from-vultures\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,19],"tags":[],"class_list":["post-6205","post","type-post","status-publish","format-standard","hentry","category-banking","category-development"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6205"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6205\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}