But I held a benefit night in Los Angeles last week, which was a massive success. But unlike when you buy a house and can't keep up your repayments there is no bankruptcy law in international lending. If you installed an international bankruptcy procedure, then debts could be independently assessed, a proportion written off and the rest repaid in an orderly way. The leaders need to face up to the fact that these countries will never repay their debts, they can't repay their debts and we need to look at the problem from a totally different perspective. The new process should be open and transparent.
Many people have no access to schools, hospitals or clean water.
We want civil society including peoples' movements and trade unions, making those conditions and participating in the monitoring process of where the money is going. Our leaders need to have their credit lifelines cut, so that they start to look towards delivering for their people instead of delivering for their creditors.