US Supreme Court justices will decide next steps in the Argentina vs NML Capital debt case today. The case dates back to 2001 when Argentina defaulted on its debts and a group of predatory hedge funds purchased some debt for pennies on the dollar. The hedge fund NML Capital leads a group of hold-out creditors in suing the country for more than $1 billion. The case will set a precedent that will impact the functioning of the global financial system. Supreme Court justices will decide to formally hear the case or ask the US Justice Department to issue an opinion.
This booklet, written by John Hilary, Executive Director of War on Want, explains in short what TTIP is and how it will affect the lives of all of us if it comes into force. The Rosa-Luxemburg-foundation tries to cast some light into this secretly negotiated treaty.