All the articles
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Series: Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
Varoufakis’s secret negotiations and his disappointments with China, Obama and the IMF
20 February 2019 - by Eric Toussaint
After Part Seven which analysed the first capitulation on 20 February 2015, this eighth part of the series will focus on the failure of the talks with the Chinese government, the continued secret diplomacy, relations with the IMF and the failure to suspend payments to them and Varoufakis’s lack of support for the Greek Debt Truth Committee. (...) -
Financial globalization, N-S wealth distribution, resource transfers
18 February 2019 - by Yilmaz Akyüz
Geneva, 6 Feb (IPS/Yilmaz Akyuz*) — At a time when the world economy is seen poised for yet another financial turmoil, there is a widespread recognition that emerging economies (EMEs) are particularly vulnerable because of their deepened integration into the global financial system. What is less appreciated is the implication of financial (...) -
Nicaragua: Open letter to Daniel Ortega to demand the end of repression and freedom for political prisoners
16 February 2019 - by Collectif de militants/tes de la solidarité en Belgique avec le peuple du Nicaragua
Mr. President, We are activists, former volunteers and leaders of associations and non-governmental organizations, all from different political and philosophical backgrounds. The earthquake of December the 23rd 1972 was for many of us the beginning of a commitment to the Sandinista Front for National Liberation. After the successful (...) -
STATE OF POWER 2019
Battling bankers: grassroots insights on financial power
14 February 2019 - by Transnational Institute
Three inspiring activists — from Spain, UK and Kenya — share their experiences of taking on bankers and the lessons and insights from their ongoing struggles. This essay is part of the Transnational Institute’s “State of Power 2019” report. Worldwide, countless activists are engaged in challenging unjust financial power on a daily basis. Few (...) -
A critical review of the critical reviews of the book ’Adults in the Room’ by Yanis Varoufakis
12 February 2019 - by Eric Toussaint
The book Adults in the Room [1] by Yanis Varoufakis has given rise to some very interesting criticism from Adam Tooze in The New York Review of Books (“A Modern Greek Tragedy”), J.W. Mason in the Boston Review (“Austerity by Design”), Pavlos Roufos in The Brooklyn Rail (“Inside the Disenchanted World of Left Keynesianism”) and Helena Sheehan in (...) -
Rage and Liberation. Bulgarian women against violence
11 février 2019 - par LevFem
March 8th – The Weekly Striker n. 1 : Rage and Liberation. Bulgarian women against violence For the third year, the global women’s strike is landing on dozens of countries on the 8th of march. The unexpected and enduring strength of this movement is testified by the tremendous circulation of the strike, even in places where it would not have (...) -
Debt Cancellation for Somalia
7 February 2019 - by Somalia NGO consortium
You will find below a report on Somalia’s sovereign debt which was issued by a consortium of NGOs. While some of their recommendations and their approach to possible solutions to the debt crisis are not completely in agreement with the CADTM’s positions, we found their analysis useful to understand the current crisis in Somalia. As a result of (...) -
Illicit financial flows thwart human rights and development in Africa
5 February 2019 - by Imani Countess
The Universal Declaration of Human Rights turned 70 on 12 December and governments and civil society organisations around the world were commemorating the day with a range of activities. However, the threat of illicit financial flows to the respect of human seems to have been forgotten on that day. The United Nations launched a global (...) -
The Sudan uprising: “This is a people’s revolution”
1 February 2019 - by Mohammed Elnaiem
In Sudan, a multifaceted civil opposition is posing a serious threat to the continued existence of Bashir’s dictatorial regime after weeks of protests. If a hospital is not a sanctuary for an injured person, what is? And what level of hatred, what kind of viciousness can be satisfied by the attempt to ensure that a protester die twice? On (...) -
25.01.2019
Brumadinho – International Articulation of People Affected by Vale statement
30 January 2019 - by International Articulation of People Affected by Vale
We have received the news of another tragedy instigated by Vale mining company with profound indignation. This afternoon (January 25, 2019) two tailings dams located in the Corrego de Feijao community, in Brumadinho, metropolitan region of Belo Horizonte [state capital of Minas Gerais)have breached. We do not yet have information about the (...) -
Debt Island: Wall Street Closes in on 40 Years of Profit at Puerto Rico’s Expense
30 January 2019 - by Abner Dennis, Kevin Connor
An important chapter in the story of the Puerto Rican debt crisis is comingto an end this month, as an adjustment plan around sales tax-backed, or COFINA, debt is being voted on by creditors and will likely be approved by the federal court overseeing the restructuring process in mid-January. The agreement will lock in 40 years of payments to (...) -
In Zimbabwe, capitalist crisis + ultra-neoliberal policy = “Mugabesque” authoritarianism
28 January 2019 - by Patrick Bond
Once again, a formidable burst of state brutality against Zimbabwe’s citizenry has left at least a dozen corpses, scores of serious injuries, mass arrests, Internet suspension and a furious citizenry. The 14-17 January nationwide protests were called by trade unions against an unprecedented fuel price hike, leading to repression reminiscent of (...) -
Emmanuel Macron, Pedro Sanchez, Angela Merkel and Theresa May Have No Right to Issue an Ultimatum to Venezuela
28 January 2019 - by Eric Toussaint, Joaldo Dominguez
On Saturday 26 January 2019, Emmanuel Macron, Pedro Sánchez, and Angela Merkel, followed by Theresa May, gave the government of Venezuela eight days within which to call elections. If the government of Venezuela does not comply with this order by then, Macron, Sánchez, Merkel and May have announced that they will recognize Juan Guaidó, who (...) -
The Challenges for the European Left regarding Debt and the Banks
23 January 2019 - by Eric Toussaint
Second part of the interview given to LVSL. Here, the first part “Break the Taboo on Odious Debts and their Repudiation”. LVSL – If we look at the case of Greece in 2015, we see that there was a change of regime when Syriza and Alexis Tsipras came to power, with strong popular support. And yet in the end, Tsipras downplayed and ignored the (...) -
What we have learned from the US indictment on odious loans to Mozambique
23 January 2019 - by Tim Jones
Yesterday (3 jan 2019) three former employees of Credit Suisse were arrested in London over $2 billion of odious loans to three state owned companies in Mozambique, given in 2013. The loans were given to companies with no revenue, and were not agreed by the Mozambique parliament, making them illegal in Mozambique. Two of the three loans only (...) -
Crackdown on the French Yellow Vest Movement: an Undeclared State of Emergency
21 January 2019 - by Jérôme Duval
According to Vincent Brengarth, a lawyer at the Paris Bar, in recent years we have been witnessing a disturbing drift in police repression in France, more specifically since November 2015 when the state of emergency was pronounced and extended several times, before being integrated into common law. We would henceforth be under “a state of (...) -
The resignation of the World Bank president should encourage countries to terminate all agreement with the Bretton Woods institutions
21 January 2019 - by CADTM International
On Monday, 7 January 2019, Jim Yong Kim, President of the World Bank (WB) has announced his resignation. Kristalina Georgieva, the current Chief Executive Officer of the World Bank will assume the role of interim President effective February 1 till the President of the United States, Donald Trump designates Kim’s successor. Truly symbolic of (...) -
Éric Toussaint talks about Nicaragua with Bill Fletcher on US radio
19 January 2019 - by Eric Toussaint, Bill Fletcher
On January, Friday the 18th, Éric Toussaint was interviewed by Bill Fletcher for WPFW FM, a progressive Washington based radio station, about the current situation in Nicaragua. You can listen to the interview below. Éric Toussaint made frequent visits to Nicaragua and the rest of Central America between 1984 and 1992. He took part in the (...) -
Things to watch in 2019: Debt and emerging debt crises
18 January 2019 - by Bodo Ellmers
More than a decade after the last global financial crisis hit, the next wave of defaults is lapping at our shores. Financing conditions will become more difficult in 2019. The world’s major central banks ‘normalised’ their monetary policies last year, meaning that the times of cheap and abundant credit are over. Both public and private actors (...) -
Universalism … really?
15 January 2019 - by Francine Mestrum
With all the paradigmatic changes the World Bank has been promoting in the field of social policies, one element never changed in the past thirty years. Social policies were meant for the poor, governments had to find the best ways to target those who really needed their help. The reasoning is simple: poor people, as was spelled out in its (...)
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