Peter Selby’s groundbreaking book, Grace and Mortgage, originally published in the late 1990s in support of the millennium debt campaigns, has been reissued in relation to the current credit crunch and recession.
Churches are failing their members and communities by avoiding talking openly about money and debt, says the Evangelical Alliance, which is organising a seminar on the topic with input from Credit Action and the Church of England.
The Government’s Pre-Budget Report announced some measures which will help those hit hardest by the economic crisis. But more needs to be done, says the campaigning group Church Action on Poverty (CAP).
People in the poorest countries are being forced into poverty by having to repay hundreds of millions of dollars of illegitimate loans from wealthy Western countries to greedy dictators, an international conference has heard.
The current global financial crisis is a spiritual one with usury at its heart, argues political economist Ann Pettifor. In spite of the Gospel message, Christians have also colluded in idolising wealth above people and planet.
As the United Nations Food and Agriculture Organisation meets to discuss the food crisis in Rome today, debt campaigners have issued a call for a moratorium on debt repayments from afflicted countries.