Comité pour l'abolition des dettes illégitimes

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Debt crisis

Four actions for Debt justice to Greece

9 July 2015 - by Eric Toussaint

Dr. Eric Toussaint, President of CADTM and scientific coordinator of Greece Truth Committee on Public Debt presents 4 actions for Debt justice to Greece, which does not imply to get out of the euro zone. Click to (...)
Why Europe Needs A Debt Conference

30 June 2015 - by Ozlem Onaran

After yet another summit on the Greek debt on 22 June, there are signs of an “extend and pretend” deal until winter. There is vague talk of a “debt relief” in the future, although it is unclear how much of the debt the Eurozone governments are (...)
A discussion on the “Sustainable Program for Debt Restructuring in Portugal”

16 March 2015 - by Daniel Munevar

The purpose of this article is to discuss the salient points of the proposal recently presented by a group of Portuguese economists to restructure public debt in Portugal. The authors present a “Sustainable Program” (SP) to address the debt (...)
What’s Behind Detroit Happy Talk ?

22 January 2015 - by Dianne Feeley

Despite Happy Talk of Detroit “rebounding” from bankruptcy, the basic problems remain: lack of jobs, deep poverty, the state takeover of the public schools and a 28% decrease in state revenue sharing over the last decade. If one statistic could (...)
“Suspending” the debt means paying the debt! (Newspaper Prin, October 2014)

9 December 2014 - by Leonidas Vatikiotis

Τhere is a plethora of proposals for the public debt issue made by many executives of SYRIZA. However, the common denominator of all the suggestions made by the frontline executives (Dragasakis, Stathakis) -who tomorrow will take over the (...)
Diapo

Debt in Poland: a report

3 December 2014 - by Roland Zarzycki

This report has been presented by Roland Zarzycki during our meeting organised in Sarajevo from November the 29th to December the 1st. Here all the info: http://cadtm.org/Rencontre-internationale-CADTM (...)
Debt and the international context in the South and in the North from 2000 to 2014

21 November 2014 - by Eric Toussaint

This article reviews a number of developments that occurred between 2000 and 2014 related to the debt issue, various aspects of the international crisis [1], international financial institutions, the scope of attacks against social and economic (...)
Press release

Jubilee Debt Campaign welcomes US call for Ebola debt relief

13 November 2014 - by Jubilee Debt Campaign

Jubilee Debt Campaign has welcomed a call by US officials for emergency debt relief from the IMF for Liberia, Sierra Leone and Guinea to help tackle the Ebola outbreak, but warned that further cancellation is needed to ensure the fight against (...)
Vultures in Paris: Bilateral creditors achieve deal with Argentina

6 June 2014 - by Bodo Ellmers

Argentina and its bilateral creditors, coordinated by the Paris Club, have reached a deal to settle outstanding loans that were in default since 2001. According to the agreement made on 29 May, Argentina is going to pay $9.7 billion over the (...)
4^th Newsletter from TroikaWatch

28 May 2014 - by Troïka Watch

In the period towards the elections, governments and European institutions tried to avoid any bad economic news. But the crisis is surely not over, so we can expect that more bad news will come soon after the elections. From many countries we (...)
Alternative solutions to the debt crisis

19 May 2014 - by Bodo Ellmers

In March 2014, Eurodad and the Brussels office of the Rosa-Luxemburg-Stiftung brought together politicians, academics and civil society activists from Europe and other regions to discuss alternative solutions to the debt crisis. The conference (...)
Eurodad report shows how IMF lending often makes crisis countries’ situations worse

11 April 2014 - by Eurodad

As the International Monetary Fund (IMF) prepares for its Spring meetings, new research reveals that the number of conditions it attaches to its loans are rising – and they continue to be linked to harsh austerity measures and interfere in (...)
The Debt Crisis: From Europe to Where?

25 March 2014 - by Eric Toussaint

Conference by Eric Toussaint given on May the 16th 2013 during the Subversive Festival in Zagreb The Debt Crisis: From Europe to Where? Contents 1. Editors’ note 2. Prologue The CADTM: 20 years of struggle for the oppressed - Eric Toussaint (...)
As Wells Fargo is Accused of Fabricating Foreclosure Papers, Will Banks Keep Escaping Prosecution?

22 March 2014 - by Democracy Now!

A new internal report says the Justice Department massively overstated its successes in targeting mortgage fraud while in fact ranking it as a low priority for investigation. The Justice Department’s inspector general says despite playing a (...)
Why pay off our public debt?

20 March 2014 - by Eric Toussaint

“Here in Europe, the European Central Bank is not allowed to lend money to member States, so the monopoly for lending money to the public powers in the Euro zone is left in the hands of the private bankers who take full advantage of this in order (...)
Public debt in Poland: from the Communist period to the present economic crisis

10 March 2014 - by Gavin Rae

This paper considers the question of public debt and how it impacts upon other areas of socio-economic life in Poland, in the context of the recent global economic crisis. It begins by placing Poland’s public debt in its historical context that (...)
Debt is back: World Bank report unveils trend reversal for developing countries

28 February 2014 - by Bodo Ellmers

The World Bank’s 2014 International Debt Statistics report, released on February 12, unveiled a worrying new trend. In 2012, the last year covered by the report, all relevant debt indicators worsened – reversing the essentially uninterrupted trend (...)
Spain in 2014: Not a Prosperous New Year

4 January 2014 - by Esther Vivas

We have entered 2014 a little poorer. For those of us with a job, our salaries have been frozen, or even cut; only a few can expect a rise in the New Year. Furthermore, the price of electricity, public transport and water are increasing. 2013 (...)
Irish “rescue”: 67.5 bn of bail-out loans, 89.5 bn to banks

4 January 2014 - by Attac Europe

On December 15, Ireland became the first country to exit the „rescue” program by the troika of EU Commission, European Central Bank (ECB) and International Monetary Fund (IMF). While Europe’s political elites sell Ireland as a success story, Attac (...)
Detroit

Which Way Out for Detroit?

11 November 2013 - by Dianne Feeley

AS A RETIRED autoworker active in preventing further home foreclosures in Detroit, I consider two of the most urgent issues to be unemployment (45.3% according to the U.S. Census Bureau, 2012) and evictions. These indicators reflect the poverty (...)
We won’t give up the fight for international debt justice

7 November 2013 - by Nessa Ní Chasaide

This Saturday and Sunday, to mark debt justice group Debt and Development Coalition Ireland’s 20th anniversary, local and international debt campaigners will converge in Ballyhea and Charleville, Co Cork. In this intense period of global (...)
Neen, de Belgen hebben niet boven hun stand geleefd

15 juli 2013 - door Olivier Bonfond

Volgens de heersende ideologie, dat België te veel schulden heeft, is dit omdat de Belgen boven hun stand geleefd zouden hebben in de afgelopen decennia. Regeringen zouden te veel hebben uitgegeven en de Belgen zouden op een roekeloze manier (...)
Cyprus - whose crisis?

31 March 2013 - by Petros Kosmas

The economic crisis in Cyprus erupted during the second cycle of the European recession of 2011 as a result of harsh austerity policies imposed since 2010 in Europe. It is a new crisis born out of a failed response to the original European (...)
Greece

‘Shame is our biggest enemy’

26 February 2013 - by Nick Dearden

We woke up to find the Bulgarian Government had fallen, after trying to impose exactly the sort of austerity programmes being witnessed right across Europe. In a country with the lowest wages in Europe, the recent privatisation of energy caused (...)
Public Debt and Austerity in the EU

The book is a compilation of analytical articles initially presented in a European Conference on the crisis of public debt in Europe, organized in March 2011 by the Party of the European Left, transform! europe, Nicos Poulantzas Instistute and (...)