All the articles
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“The European Commission is the most obscure power of all”
19 October 2018 - by Real World Radio
MEP Lola Sánchez: “There is a struggle between democracy and corporate power within the EU” MEP Lola Sánchez, of Podemos Party, Spain, said this Monday in Geneva (Switzerland) that the head of the European Union delegation at the UN negotiations for a binding treaty on transnational corporations and human rights, Jérôme Bellion-Jourdan, “does not (...) -
Rodrigo Rato condemned. The IMF bad streak continues.
17 October 2018 - by CADTM
In reaction to Rodrigo Rato’s recent condemnations for fraudulent practices as director of the Spanish banks Caja Madrid and then Bankia, the Committee for the Abolition of Illegitimate Debt (CADTM) considers that, in consideration of the victims, the dead and left aside and those who had to leave their homes as a result of the structural (...) -
Ukraine: Between a rock and IMF conditionality
16 October 2018 - by Bretton Woods Project
Alarm bells ring about Ukraine’s ability to meet IMF conditionality UN expert criticises IMF anti-corruption privatisation push In September, IMF staff visited Ukraine to discuss the next tranche of its $17.5 billion loan programme, first approved in March 2014 (see Observer Spring 2014, Spring 2015, Winter 2016). As no funds have been (...) -
The euro project and the international integration of the South-Eastern European economies
13 October 2018 - by Ana Podvršič
In the recent years, scholars in critical international political economy have considerably explored the differences and similarities between the countries of the European periphery. Most of the studies, however, have focused on the structural characteristics of the so-called Southern Eurozone periphery and the Eastern one. Less attention has (...) -
Summary of The Debt System A History of Sovereign Debts and their Repudiation
10 October 2018 - by Víctor Manuel Isidro Luna
The book The Debt System. A History of Sovereign Debts and their Repudiation will be published later in 2018 by Haymarket in Chicago https://www.haymarketbooks.org/books/1234-the-debt-system . The original French edition has been published in novembre 2017 in Paris (...) -
A critical look at China’s One Belt, One Road initiative
10 October 2018 - by Martin Hart-Landsberg
China’s growth rate remains impressive, even if on the decline. The country’s continuing economic gains owe much to the Chinese state’s (1) still considerable ability to direct the activity of critical economic enterprises and sectors such as finance, (2) commitment to policies of economic expansion, and (3) flexibility in economic strategy. It (...) -
The IMF and World Bank: Aiding and abetting inequality in Asia
10 October 2018 - by Asian Peoples’ Movement on Debt and Development
Despite economic growth, inequality in Asia deepens Fiscal neoliberalism imposed by IFIs continues to exacerbate inequality Civil society renews calls to hold World Bank and IMF to account for their actions Asia continues to draw attention as the “most important engine of global growth,” according to IMF Managing Director Christine Lagarde. (...) -
Greece exits loan programme as impacts of Troika-led austerity are revealed
9 October 2018 - by Bretton Woods Project
Study highlights catastrophic health impact of Troika-imposed austerity Debt network stresses Greek crisis derived from private debt In August, Greece exited its eight-year programme of loans from the ‘Troika’ (the IMF, European Commission and European Central Bank) (see Observer Winter 2017). Following the approved extension of loans related (...) -
Syriza’s Repressive Turn
9 October 2018 - by Costas Lapavitsas, Stathis Kouvelakis
Alexis Tsipras’s government promised to end austerity. Now it’s defending the banks against people evicted from their homes — and persecuting those who protest. Many on the international left believe that things in Greece are slowly improving, and that the Syriza government remains a left-wing force that is protecting the interests of workers (...) -
African governments’ debt payments double in just two years
8 October 2018 - by Jubilee Debt Campaign
• Debt problems on the African continent are increasing, with external government debt payments doubling in two years • The private sector is the largest source of loans, accounting for 32% of debt owed and 55% of interest payments • China accounts for around 20% of debt owed, and 17% of interest payments In new analysis released ahead of the (...) -
World Bank – IMF Guilty of Promoting Land Grabs, Increasing Inequality
8 October 2018 - by La Via Campesina
“Annual meeting in Bali this week is just a sham to cover up their criminal negligence of people’s interests,” say peasants. 07 OCTOBER, BALI: At a meeting of La Via Campesina facilitated by Serikat Petani Indonesia (SPI) in Bali, peasant organisations from Asia, Africa, Americas and Europe have unanimously held World Bank and IMF responsible (...) -
Tunisia: the long march of the feminists for full equality in the law
5 October 2018 - by Joseph Daher , Ahlem Belhadj
In Tunisia, major mobilizations led by feminist organizations have taken place in recent weeks to demand full equality in the law, particularly with regard to the Tunisian Personal Status Code (CSP). The CSP consists of a series of legal provisions governing marital relations between men and women and inheritance issues. The Swiss journal (...) -
Mexico: creation of a CADTM launching committee
4 October 2018 - by CADTM
A meeting was held in Mexico City, in the lecturers’ hall at the Faculty of Economics of the National Autonomous University of Mexico (UNAM) on 1st October 2018 to launch the creation of a Mexican chapter of the CADTM. The UNAM counts four hundred and fifty three thousand students, teaching staff and administrative staff for the 2018-19 (...) -
Liberia: The “dictatorship of the multinational corporations”
4 October 2018 - by Moses Uneh Yahmia
Liberia has been taken over by multinational corporations that are exploiting its resources at the expense of Liberians, especially the country’s working class that serves as cheap labour to these foreign companies. Unlike other countries in the sub-Saharan region, Liberia was never formally colonised by European imperialism. Therefore, the (...) -
Ten years on, the crisis of global capitalism never really ended
3 October 2018 - by Jerome Roos
With inequality on the rise, global debt higher than ever and international tensions intensifying, the political backlash to the crash of 2008 has only just begun. This weekend marks the tenth anniversary of the collapse of Lehman Brothers, the once-mighty US investment bank whose dramatic bankruptcy on September 15, 2008 unleashed the worst (...) -
Sri Lanka: Does microfinance really empower women?
2 October 2018 - by Cat’s Eye
As women were deemed to be thrifty, able to manage with meagre resources and responsible borrowers, they became the targets for such predatory lending. We are witnessing large protests across the war-torn regions in the north and east, urging the Government to restrict the activities of microfinance companies offering loans to poor women at (...) -
UN Human Rights Council passes a resolution adopting the peasant rights declaration in Geneva
1 October 2018 - by La Via Campesina
(Geneva, September 28, 2018) Seventeen years of long and arduous negotiations later, peasants and other people working in rural areas are only a step away from having a UN Declaration that could defend and protect their rights to land, seeds, biodiversity, local markets and a lot more. On Friday, 28 September, in a commendable show of (...) -
Corporate capture in Europe - When big business dominates policy-making and threatens our right
25 September 2018 - by Alliance for Lobbying Transparency and Ethics Regulation (ALTER-EU)
This report examines the extreme and undue influence of big business on European Union (EU) and member state decision-making processes. It has been produced by the Alliance for Lobbying Transparency and Ethics Regulation (ALTER-EU) as a response to the distortions we witness in policy and law making at EU-level and across member states. It (...) -
Proposed Solutions by the Dialogue Reference Group on Ballooning Kenyan Debts are False and Flawed
25 September 2018 - by David Calleb Otieno
The Kenyan Peasants League (KPL), a member of La Via Campesina and part of the Kenyan Social Movements for the Abolition of Illegitimate Debts has been following closely the just concluded Dialogue Reference Group meeting that brought together a section of religious leaders and Kenyan civil society. KPL finds that their proposals to check the (...) -
The Challenges for the Left in Europe and the Eurozone
24 September 2018 - by Eric Toussaint
As from May 2010 the question of the debt became a central concern for Greece and for the rest of the Eurozone . The first programme imposed by the Troika provoked a brutal increase in Greek public debt. This was also the case in various forms in Ireland (2010), Portugal (2011), Spain (2012) and Cyprus (2013). The policies dictated by the (...)
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