The UN General Assembly passed a historic resolution to begin treaty negotiations to enact a global bankruptcy process and stop predatory hedge funds. The resolution passed by a super-majority vote of 124-11 with 41 abstentions. The US voted no along with 10 other countries. The bankruptcy process could make it more difficult for hold-out investors to block countries from debt restructuring and could limit future defaults.
A new agreement (TISA, Trade in Services Agreement) could privatize drinking water and health care through the backdoor. The resistance by many non-governmental organizations to the free trade agreement TTIP seems to pick up speed.