All the articles
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Covid-19: Asian contrasts and lessons
7 August 2020 - by Pierre Rousset
The evolution of the pandemic is particularly contrasted in Asia where it is much more difficult to compare national situations and policies than in Europe. However, we can try to identify a few lines of reflection, which are necessarily fragmentary. The national dynamics of the epidemic vary considerably within the major groups of South (...) -
We are not fools ! Solidarity with Omar Radi ! Freedom !
7 août 2020 - par Myriam Bourgy, ATTAC/CADTM Maroc, Pauline Imbach
Omar Radi investigative journalist and human rights activist has been the subject of a violent campaign of intimidation by the Moroccan authorities. Accused of undermining state security and espionage, since June 25, he has been summoned 9 times for questioning, some of which lasted more than 9 hours in a row. « I have never been and never will (...) -
Caribbean reparations movement must put capitalism on trial
5 August 2020 - by Ajamu Nangwaya
From chattel slavery to the current period of neocolonial flag independence, the Caribbean labouring classes have yet to exercise substantive power over the political institutions that govern their lives. A system of popular assemblies with the capacity to challenge the authoritarian liberal capitalist democracies for power would be one of the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 16)
The Mexican debt crisis and the World Bank
4 August 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF will be 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
Ecuador
We denounce the renegotiation of the debt by Lenín Moreno’s government
3 August 2020 - by Eric Toussaint, Maria Lucia Fattorelli, Alejandro Olmos Gaona, Hugo Arias Palacios, Piedad Mancero, Ricardo Patiño, César Sacoto, Ricardo Ulcuango
We are releasing an open letter to the President of Ecuador and his government regarding the debt renegotiation that is under way. The letter is signed by former members of the Ecuadorian Debt Audit Commission (CAIC), including Eric Toussaint, international spokesperson for CADTM, Hugo Arias, Maria Lucia Fattorelli, Piedad Mancero, Alejandro (...) -
Package of common demands on debt and the need for citizens’ control on finance at European level - Executive summar
3 August 2020 - by CADTM, Collective
This document was written collectively by activists from nearly fifteen collectives and organizations across Europe. It has been signed, in whole or in part, by 39 organizations from 10 European countries. It presents their shared findings and common demands on the issue of public and private debt and on the need to establish effective (...) -
Lessons in what not to do
30 July 2020 - by Costas Lapavitsas
In 2017, Yanis Varoufakis published “Adults in the room”, a thick volume that became a huge global success and was even turned into a film by Costas Gavras two years later. The author was one of the protagonists of the Greek events of that decade that culminated in the first seven months of the SYRIZA-ANEL government of 2015. He became an (...) -
In the face of the past crimes of the European colonial powers and European neo-colonialism, reparations are needed
29 July 2020 - by ReCommons Europe
Phase 2 of the ReCommonsEurope project: “The impact of European financial policies and development cooperation strategies on the South and possible alternatives”. Thanks to the Black Lives Matter mobilizations that have been taking place in 2020 on an international scale against racism in general, and negrophobia in particular, more and more (...) -
The pandemic has exposed the nakedness of European neoliberalism
27 July 2020 - by Eric Toussaint, Miguel Urbán Crespo
Miguel Urban is a member of the European Parliament elected from the Spanish state and a member of Anticapitalistas. He was interviewed by Eric Toussaint. What is the objective of the Covid Tax initiative at the European level and at the level of specific states? Through this last decade, we have seen how banks were rescued by the European (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 15)
The World Bank saw the debt crisis looming
21 July 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF will be 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
Puerto Rico Faces Crises: Covid, Hurricanes, Earthquakes, Drought
20 July 2020 - by Dan La Botz
The United States has suffered 135,000 deaths from COVID-19 and has tens of millions of unemployed and both crises continue now into the fifth month, but nowhere has the economic crisis been greater than in the U.S. colony of Puerto Rico. Governor Wanda Vázquez was the first governor in the United States to order businesses to close and to (...) -
On the World Economic Crisis
20 July 2020 - by Eric Toussaint, Dan La Botz
The Covid-19 pandemic and the worldwide lockdown have triggered a depression as great as that of the 1930s. The causes of this crisis, the character of government policies, and the programs put forward by working class groups are of concern to all of us. So, to look into these questions, we spoke with Eric Toussaint, a leading analyst of these (...) -
Will the G20 cancel the debt of the Southern countries?
17 July 2020 - by Renaud Vivien
On 18 and 19th of July, the G20 Finance Ministers will meet to decide the measures to be taken in response to the Covid-19 crisis. Debt cancellations should be among the urgent measures to free up the funds needed to tackle the crisis. However, only a debt moratorium limited to the “poorest” countries has been planned so far by the G20. Private (...) -
Agro-imperialism in the time of Covid-19
16 July 2020 - by GRAIN
Nestlé, the world’s largest food company, is known for scandal. It earned the nickname “babykiller” in the 1970s for causing infant illness and death in low-income communities by promoting bottle feeding of its infant formula and discouraging breast feeding. In recent years, similar charges have been made against the company for contributing to (...) -
The struggle against authoritarian liberalism is more urgent than ever. Epidemic and the far right on the European periphery
13 July 2020 - by Ana Podvršič, Jaša Veselinovič
Preliminary note: The article was written at the end of May 2020. Since then, the protests further intensified and the social initiatives, mentioned at the end of this article, succeeded in equipping the protests with better articulated and more progressive demands. At the same time, the government stepped up its confrontational response to (...) -
The Global South Needs More Than Just Debt Relief
10 July 2020 - by Benjamin Lemoine, Quentin Deforge
The G20’s plans to postpone 76 emerging countries’ debt repayments are a band-aid on fundamental injustices in the global economy. Rebuilding the Global South after the pandemic will require a complete upending of the international order — and the defending states’ sovereignty rather than financial markets’. On April 15, the Group of Twenty (...) -
Donor countries will undermine the integrity of aid if they continue reporting debt relief as ODA
10 July 2020 - by Jan Van de Poel, Nerea Craviotto
Debt relief should not be reported as ODA. In the coming weeks, DAC members need to decide what is most important to them: allowing ODA double counting and inflation to create incentives to reward debt relief or upholding the credibility, integrity and solid reputation of DAC statistics. This week the OECD’s Development Assistance Committee (...) -
United States of America: Socialism for Big Capital and wild capitalism for the poor
10 July 2020 - by Eric Toussaint
While the US has been set ablaze since the end of May 2020 by a multitude of major antiracist demonstrations [1] and the ordinary working people of the world’s top power remain hard hit by the Covid-19 pandemic (as of 9 July 2020, in the United States, according to official figures more than 3.1 million persons have contracted COVID-19 and more (...) -
Reply to the letter by Philippe, King of the Belgians, about Belgium’s responsibility in the exploitation of the Congolese people
8 July 2020 - by Eric Toussaint
On 30 June 2020, on the occasion of the 60th anniversary of the former Belgian Congo’s independence, the news went viral over the planet: Philippe, King of the Belgians, had conveyed regrets for the colonial past, and particularly for the time when Leopold II owned the Congo as a personal possession (1885-1908), to the Congolese head of state (...) -
Publicity stunt, lies and omission on African debt, Macron bets on the Paris Club
7 July 2020 - by Milan Rivié
On 13th and 15th April 2020, French President Emmanuel Macron drew the world’s attention by calling for a “massive cancellation” of Africa’s debt. A few hours later, the G20 disavowed it by decreeing a suspension of payments of the poorest countries’ bilateral public external debts. The “failure” of Macron’s posturing is not surprising. With this (...)
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