All the articles
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Greece: the so called debt reduction is a sleight of hand
25 June 2018 - by Eric Toussaint, Marie Brette
Eric Toussaint interviewed by Marie Brette for TV5 Monde Eric Toussaint, what do you think of the agreement between the Eurozone ministers? Has Greece got through the crisis? E.T.: The crisis is not at all over. What’s more, from the point of view of the European leaders the situation is not particularly brilliant either. To claim a (...) -
[Film] The Audit. An Enquiry into Greek Debt
20 June 2018 - by CADTM, ZinTV
18 June 2015: the Truth Committee on Greek Debt presented a preliminary report while negotiations between the newly elected Greek government and European Institutions made the headlines across the media. The Committee’s findings were that the whole of the Greek public debt was unsustainable and that the part owed to the Troika (i.e. 85% at the (...) -
The method in the madness: Uganda’s budget 2018 is divorced from reality
19 June 2018 - by Mary Serumaga
The report of the Auditor General (AG) for 2016–2017 is another catalogue of systemic theft, embezzlement and wastage of public goods. In this, it is similar to audit reports going back at least two decades. It appears that incompetence as much as theft are responsible for the seeming inadequacy of national resources to meet development needs. (...) -
How to Socialize the Banking Sector
14 June 2018 - by Eric Toussaint, Patrick Saurin
Because capitalists have demonstrated just how far they are willing to go, taking risks (risks whose consequences they refuse to be held accountable for) and committing crimes for the sole purpose of increasing their profits, because their activities regularly result in heavy costs borne by society as a whole, because the society we want to (...) -
Argentina: Macri’s Neoliberal Fantasies
13 June 2018 - by Claudio Katz
In the middle of his term, Argentinian president Mauricio Macri cannot hide the monumental abyss between his promises and reality. The promise was of an influx of dollars to lower inflation, with high growth, job creation, an entrepreneurial boom and eradication of social assistance. A drastic reduction of the fiscal deficit and a flow of (...) -
Protest Movements in Morocco and the Role of the Political Left in Mobilization against Neoliberal Policies
12 June 2018 - by ATTAC/CADTM Maroc, Aznague Ali
In Morocco, the experience of the 20 February Movement indicated that the left faces real dilemmas. Some of its currents refused to get involved in the Movement due to the presence of obscurantist forces, while other currents drew closer to the obscurantists themselves under the pretext of their opposition to despotism. This confusion reflects (...) -
What measures should a popular government take towards banks?
11 June 2018 - by Eric Toussaint, Patrick Saurin, Jeanne Chevalier
Economic heterodoxy and the programmes of deliquescent social democratic parties lack a structured project for the constitution of an alternative banking system. To remedy this, this contribution attempts to move towards a shared, coherent and operational proposal for an organizational plan for the banking sector and the concrete conditions (...) -
Bio-piracy: the sale of Uganda’s lakes to investors
7 June 2018 - by Mary Serumaga
The fishermen of Kabarole District appear to have blown the whistle on an audacious act of bio-piracy. They brought to the attention of the authorities that they were being barred from access to the 53 crater lakes that they have fished in from time immemorial. In law this is known as a customary right. It cannot be extinguished simply by (...) -
Debt justice prevails at the Belgian Constitutional Court: Vulture funds law survives challenge by NML Capital
6 June 2018 - by Eurodad, CNCD, Antonio Gambini , Bodo Ellmers
In a landmark ruling on 31 May, the Belgian Constitutional Court upheld the country’s anti-vulture funds law, rejecting a legal challenge by a particularly notorious fund. NML Capital, an opaque vulture fund listed in the offshore financial centre of the Cayman Islands, had tried to shelve the Belgian law and intervene in democratic (...) -
BRICS in Africa: “You are either at the table or on the menu”
5 June 2018 - by Patrick Bond
At a Johannesburg BRICS think tank, scholars get drunk on their own rhetoric South African academics and think tanks met on 28-31 May 2018 for deliberations leading to the July 2018 BRICS heads of state summit to be hosted by South Africa. Most of these scholars believe that the BRICS countries offer an alternative to Western imperialism, (...) -
Vulture funds defeated
The Belgian Supreme Court announces its verdict : total victory against the vulture fund NML Capital
4 June 2018 - by CADTM
Press release Total victory for CADTM, Committee for the abolition of Illegitimate Debt, the CNCD – 11.11.11 and its Flemish counterpart represented by Oliver Stein from the chambers of the Progress Lawyers Network. Today 31 May 2018 the Belgian Supreme Court rejected the request brought by NML Capital Ltd seeking to overturn the act of law (...) -
China vs the US: The new imperial scramble for Africa and global rivalries
4 June 2018 - by Lee Wengraf
Lee Wengraf writes that the rush for profits, economic volatility and militarization across Africa promises only instability, rising exploitation and violence. Since the start of the new millennium, sub-Saharan African economies have undergone a dramatic boom. This surge has been marked by rapidly increasing trade and investment on continent (...) -
SOCFIN: profits on the rise, but not for local communities
30 May 2018 - by CADTM France, CADTM Belgium , Collective
NGOs and solidarity organisations supporting the struggles of affected local communities assess the problems caused, and promises unkept, by the SOCFIN group, as shareholders meet for the rubber and oil palm giant’s AGM on 30 May. Five years ago, on 5 June 2013, a first international mobilisation of local communities affected by the SOCFIN (...) -
Save the date! The CADTM’s Summer Days will take place on 7, 8 and 9 September 2018
28 May 2018 - by CADTM
The Committee for the Abolition of Illegitimate Debt will held its 2018 Summer Days at La Marlagne, Namur, on September 7, 8 & 9. The CADTM’s Summer Days will start on the evening of Friday 7 September in La Marlagne and will carry on in festive and militant mood on Saturday 8 and Sunday 9 September 2018. You can register now by (...) -
Land-grabbing and the Financialization of Agricultural Land
28 May 2018 - by Mary N. Taylor
On the occasion of the publication of the report Transnational Corporations and Land speculation in Brazil by Rede Social de Justiça e Direitos Humanos (Network for Social Justice and Human Rights), Mary Taylor of LeftEast spoke with Fábio Pitta, Devlin Kuyek and Attila Szőcs about the broader implications of their findings. Mary: First, can (...) -
China-Africa relations without Africans’ contributions
28 May 2018 - by Daouda Cissé
The piece relates that, at times, Africans are not invited to debates, conferences and other key platforms on Africa-China relations even though the topic is about Africa’s and Africans’ relations with China and Chinese. Recent discussions and exchanges among members of a research network on Africa-China relations about the diversity of (...) -
Armenia’s unfinished revolution
25 May 2018 - by Armen Abagyan
Bells of triumph are ringing in the streets of Yerevan following the deposition of now-former Prime Minister Serzh Sargsyan. Ding-dong, the wicked witch is dead. The spectre of totalitarian rule and unbridled corruption enervating the already impoverished Armenian people is no more. Such is the widely-disseminated narrative pushed both (...) -
USA: Where the Debt Slaves Are the Most Vulnerable
24 May 2018 - by Wolf Richter
I’m shedding a different light on consumer debt. This type of chart is trotted out constantly these days to show that American households are in fabulous shape when it comes to their ability to service their blistering record debts. The red line in the chart shows household debt-service payments (combined monthly payments on mortgages, credit (...) -
The political economy of a long depression
23 May 2018 - by Joseph Choonara
It is now a full decade since the financial turmoil that heralded the beginning of the “long depression”. On a global scale, the recession that developed in the wake of the collapse of the Wall Street bank Lehman Brothers in autumn 2008 was over after a year. However, while the recession technically ended long ago, the world since then has been (...) -
European Coordination Via Campesina (ECVC) launches a peasant agroecology manual on how to phase out the use of pesticides
22 May 2018 - by La Via Campesina
Europeans are fundamentally questioning the use of pesticides. In 2017, more than one million citizens signed the European Citizens’ Initiative « STOP Glyphosate », which aims to ban glyphosate marketing in the EU, reform the pesticide authorisation process and set targets to reduce their use. However, despite the availability of independent (...)
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