Debt: a noose around Somalia’s future

Full debt cancellation is the only way forward for Somalia, write Dustin Barter, Oxfam’s Senior Campaigns and Policy Manager in Somalia, and Mohamed A. Ahmed, Independent Debt Specialist. As the African Union Summit kicks off in Addis Adaba this week, Somalia remains swamped in debt, struggling to kick-start a more positive trajectory. Debt relief, a once hot topic (thanks Bono!), …

In Europe, poverty and inequality are political choices

As we launch our new paper on the impact of austerity in Europe, guest blogger Claire Champeix from the European Anti-Poverty Network, says the EU needs to stop breaking its promises to its citizens. Poverty in Europe is steadily and worryingly rising. It is the most vulnerable that are paying the highest price for the recession, and subsequent austerity. We are seeing more …

Growth you say? When GDP just ain’t enough…

Forget the so-called ‘green shoots’, Katherine Trebeck argues that the growth being reported by some, is not the kind to be celebrated.  Next week, Oxfam will release a paper which warns that austerity measures being pursued across Europe are dangerous. In fact, current policies are threatening to undermine decades of progress, create a divided Europe, and entrench poverty for a …