Citizen Debt Audit Platform “We don’t owe! We won’t pay!” Spain, Barcelona

14 May 2012

Citizens, 15M/Indignados assemblies and various social networks and organizations around the country are building the Citizen Debt Audit Platform to demonstrate the illegitimacy of debt, identify those responsible of the crisis and demand not to pay an illegitimate debt.
In the Spanish state, as in other countries in the European periphery, we are witnessing a Debt Crisis used to justify austerity policies which are destroying social and labour rights won with the effort and struggle of past generations. With impunity, basic public services such as education, health and social services are being reduced and privatized. People are helplessly watching how retirement age is delayed, living conditions made precarious, pensions freeze and labour rights disappear.

The Spanish economy’s debt is huge, above 400% of GDP GDP
Gross Domestic Product
Gross Domestic Product is an aggregate measure of total production within a given territory equal to the sum of the gross values added. The measure is notoriously incomplete; for example it does not take into account any activity that does not enter into a commercial exchange. The GDP takes into account both the production of goods and the production of services. Economic growth is defined as the variation of the GDP from one period to another.
, but who subscribed and benefited from this debt? Is it true that we all have lived beyond our means, as we hear repeated over and over again? Or on the contrary, has this debt benefited a powerful minority that continues profiting from austerity policies and social cuts? Are we paying a debt that we haven’t generated, a debt that is subscribed against the general interest Interest An amount paid in remuneration of an investment or received by a lender. Interest is calculated on the amount of the capital invested or borrowed, the duration of the operation and the rate that has been set. of the people? Or is the mechanism designed to generate debt illegitimate in itself?

From the Citizen Debt Audit Platform, we understand that there is more than sufficient evidence of illegitimacy in the debt that Spanish Government, together with the EU and regional governments, is using as the reason to pull ahead with bleeding austerity policies. This is why we demand the right to know about the details of the process that led us to this situation. This initiative has, among its objectives, the need to recover democratic and sovereign power to decide what to do with debt and with our future, without interference of financial markets, the European Commission, the ECB ECB
European Central Bank
The European Central Bank is a European institution based in Frankfurt, founded in 1998, to which the countries of the Eurozone have transferred their monetary powers. Its official role is to ensure price stability by combating inflation within that Zone. Its three decision-making organs (the Executive Board, the Governing Council and the General Council) are composed of governors of the central banks of the member states and/or recognized specialists. According to its statutes, it is politically ‘independent’ but it is directly influenced by the world of finance.

https://www.ecb.europa.eu/ecb/html/index.en.html
or the IMF IMF
International Monetary Fund
Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.

http://imf.org
.

The audit will have a wide view; not just limited to economic and financial issues; it will also include the role of the Spanish state as creditor of debt with countries in the Global South as well as considering ecological, gender, social, cultural, political and historical debt issues.

Still defining objectives and strategies, networking, developing tools and collecting data, the Platform is holding training activities and meetings, giving talks in neighbourhoods, towns, communities, schools and groups of interested people, making materials available for citizen information and opening participation channels.

Social mobilization is considered essential for the development of the campaign. The Platform has participated in various demonstrations against social cuts, the labour reform, general strikes, etc. as well as activities organized during the summit of the European Central Bank Central Bank The establishment which in a given State is in charge of issuing bank notes and controlling the volume of currency and credit. In France, it is the Banque de France which assumes this role under the auspices of the European Central Bank (see ECB) while in the UK it is the Bank of England.

ECB : http://www.bankofengland.co.uk/Pages/home.aspx
in Barcelona or actions in support of the Greek people.

There has also been international coordination efforts, celebrating the first Euro-Mediterranean meeting in April, where the “International Citizen Audit Network” was born. Activists and organizations from twelve countries in Europe and North Africa participated and are also in the process of developing or planning debt audit campaigns in their own countries. (Article on international coordination: http://wp.me/p1Atrv-1rk)

The Citizen Debt Audit Platform will participate in 12M-15M mobilizations denouncing the economic and financial policies that caused the crisis as well as the illegitimacy of debt and austerity policies imposed on us. We will work on solutions, alternatives and tools to recover people’s sovereignty, expropriated by the dictatorship of financial markets.

We will use the social spaces created to celebrate the first anniversary of 15M to appeal to our people, regardless of their knowledge or experience, to participate in this process of collective learning and empowerment.

Not one more euro to rescue banks. Citizens’ debt audit.

We will not pay illegitimate debt created by those who caused the crisis.

— 
Plataforma Auditoria Ciudadana de la Deuda, Barcelona.
¡NO debemos, NO pagamos!

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Coordinación Plataforma:
https://n-1.cc/pg/groups/693621/coo...


CADTM

COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT

35 rue Fabry
4000 - Liège- Belgique

00324 226 62 85
info@cadtm.org

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