All the articles
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East Africa citizen debt audit
14 August 2018 - by Leader Baraka, Eliud M.A. Letungaa
Slide-show presented by our comrades from Tanzania at the three days training on Citizens Debt Audit, held in Nairobi. <![endif]—> -
A Brief History of the Relations between the World Bank, the IMF, the US Government and Nicaragua
14 August 2018 - by Eric Toussaint
Central America is considered by the US government as part of its own exclusive sphere of influence. The policies adopted by the World Bank in terms of granting loans to the countries of the region are directly influenced by the political choices of the US government. The case of Nicaragua and Guatemala during the 1950s makes this clear. (...) -
Sri Lanka: Debt Trap and Mega Development
14 August 2018 - by Ahilan Kadirgamar
Sri Lanka’s foreign debt is again talk of the town. Is the country overly indebted to China? Are we borrowing too much from international capital markets? Or are we financing ourselves into trouble with multi-lateral agencies like the International Monetary Fund (IMF), World Bank (WB) and Asian Development Bank (ADB)? And how do we assess the (...) -
Debts and feminisms: an overview of the book project – first chapter
13 August 2018 - by Camille Bruneau
Feminism and the situation of women is an ever-growing concern for the CADTM network, which becomes almost unavoidable in the broad fight against domination(s). Women are indeed impacted by debt in several ways; as the main contractors of micro-credits, as the caretakers that have a higher workload in times of austerity, as the main (...) -
Nicaragua: The evolution of the regime of President Daniel Ortega since 2007
13 August 2018 - by Eric Toussaint
In order to win the presidential election of November 2006, Daniel Ortega succeeded in making his election acceptable to the ruling classes, and in particular to the COSEP (Superior Council for Private Enterprise), the leadership of the Roman Catholic Church, represented by Cardinal Obando y Bravo, former presidents Arnoldo Alemán and Enrique (...) -
CADTM successfully holds Citizen Debt Audit Training in Nairobi
12 August 2018 - by David Calleb Otieno
The Committee for the Abolition of Illegitimate Debts (CADTM) successfully held a three days training on Citizens Debt Audit in Nairobi, Kenya. The training that attended by delegates from Kenya, Uganda, Tanzania and Burundi was organized by the Kenyan Social Movements for the Abolition of Illegitimate Debts bringing together the Kenyan (...) -
Conflicts between Latin American Countries and Transnational Corporations
10 August 2018 - by Jorge Marchini, Josefina Morales, Gabriela Roffinelli
Political positions and laws on foreign investment have been polarized into two opposing perspectives. On the one hand, there is the assumption that foreign direct investment (FDI) is essential for the economies of peripheral countries to take a leap toward development, prompting FDI promotion and even generating competition among countries to (...) -
Nicaragua in Pain
7 August 2018 - by Claudio Katz
Writing about Nicaragua is as painful and sad as it is indispensable. Memories of the Sandinista Revolution are still alive for the generation that lived through it. To remain silent would be an affront to those who took part in that memorable insurrection against Somoza. Events of recent months leave little room for doubt. A series of (...) -
A new global credit crunch to come?
4 August 2018 - by Michael Roberts
At the time of the general election in Turkey, I pointed out that Turkey was near the top of the pile for a debt and currency crisis. It was running a massive current account (trade and payments) deficit with other countries and its external debt (what it owes to other countries in credits) was over 50% of its annual output (GDP), the highest (...) -
Small–scale farmers of Africa and Denmark reject free trade agreements
27 July 2018 - by La Via Campesina
Representatives of La Via Campesina in Southern and Eastern Africa (LVC SEAf) and in European (ECVC) small-scale farming agree that free trade agreements (FTAs) on farm products benefits primarily transnational corporations and furthers the industrialisation of agriculture. All at the expense of local food production. The Kenyan Peasants (...) -
How Greece lost billions out of an obscure ECB programme
27 July 2018 - by Stan Jourdan
Through its peculiar “Securities Market Programme”, the European Central Bank generated billions of profits for creditor Member States such as France and Germany. Our research shows that nearly €8 billion have been lost for Greece – leading to further unnecessary austerity. In a desperate attempt to calm market panics in 2010, the European (...) -
Nicaragua: the story of the Daniel Ortega-Rosario Murillo regime
26 July 2018 - by Eric Toussaint
The violence against demonstrators protesting against brutal neoliberal policies is just one of the reasons why different social movements have condemned the Nicaraguan regime led by Daniel Ortega and the Vice-president Rosario Murillo. The left has many more reasons to denounce the policies of the regime. To understand this, we must go back (...) -
The Haitian people revolt, demonstrators control almost all the country
26 July 2018 - by Régine Vinon
Three people were killed on Friday 13 July 2018 during demonstrations against the Haitian government’s decision to increase fuel prices. Journalists saw the bodies of two protesters who were shot in the Delmas area of Port-au-Prince during clashes with the police. It was not clear who shot them. The third death was of a security guard of a (...) -
Solidarity & support Call - Toward international organizations and activists advocating for freedom and people’s rights
20 July 2018 - by ATTAC/CADTM Maroc
“RIF Hirak” prisoners in Morocco are facing undeserved sentences Let’s expand the international solidarity until the drop of adjudications and their release. The Appeal Court of Casablanca stated on Tuesday, 26 June 2018, heavy sentences against the leaders and activists of the popular and heroic movement of the Rif region “Hirak Rif”. This (...) -
Greece still under the yoke of its illegitimate debt
20 July 2018 - by Anouk Renaud
On Friday 22 June 2018, after night-long negotiations, the Eurogroup (meeting of the finance ministers of the eurozone, along with representatives of the IMF and the ECB) announced with great fanfare / pomp and circumstances, a new agreement concerning Greece. It is supposed to be a “historic” agreement that would sound the death knell of the (...) -
BRICS labour: is it time for more class snuggle – or struggle – in an era of repression, austerity and worker militancy?
18 July 2018 - by Patrick Bond
Across the world, trade unions are under unprecedented threat, as just witnessed in the United States where the Janus vs. AFSCME Supreme Court decision denudes an already weak labour movement of public sector power, for conservatives are aiming at “starving unions of funds and eventually disbanding them altogether.” Where, then, does (...) -
EU Not Ending Greek Crisis, They End Greece
17 July 2018 - by F. William Engdahl
With great fanfare at the end of June, the 19 EU Eurozone finance ministers announced the end to the eight-year-long Greek debt crisis that brought the entire Euro structure into its deepest crisis to date. The exercise is a deep deception. The EU ministers refused to write off any Greek state debt. Instead they did a destructive interest (...) -
Preface of ’System debt’ by Éric Toussaint
16 July 2018 - by Patrick Saurin
Éric Toussaint has an acute and thorough knowledge of public debt issues, thanks not only to his theoretical research work but also to his involvement in the field (notably in Ecuador and Greece). As he takes us through 19th century to 21st century world history we notice that this painstakingly documented examination gives a version of (...) -
Is it possible to call the political regime of the euro democracy?
15 July 2018 - by Sergi Cutillas
Sergi Cutillas is an economist and worked in the financial sector before taking up his work as a financial justice activist in early 2012. He is a member of the European Research Network on Social and Economic Policy. He is now Secretary of Economy and Work in Podemos Catalonia. In its bond purchase programme, called Public Sector Purchase (...) -
Deloitte, EY, KPMG, PWC: How the Big Four are embedded in EU policy-making on tax avoidance
12 July 2018 - by Corporate Europe Observatory
We pay our taxes, so why don’t corporations? This new report shows how the Big Four are embedded in EU policy-making on tax avoidance, and concludes that it is time to kick this industry out of EU anti-tax avoidance policy. EU policy towards corporate tax avoidance is informed by an advisory system littered with conflicts of interest. Despite (...)
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