Debt in Northern countries
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Call
Why Eurozone countries’ debt to the ECB must be cancelled
7 December 2021 - by Eric Toussaint, Sonia Mitralias, CADTM Europe, Paul Murphy, Miguel Urbán Crespo, Andrej Hunko, Cristina Quintavalla, Manon Aubry, Leïla Chaibi
Since the beginning of the coronavirus pandemic public debt in the eurozone has increased by an average of 20%. The reason for such an increase is straightforward: instead of finding the necessary new resources by taxing the wealthiest 1% and (...) -
[Video] Should debts held by the ECB be cancelled?
24 September 2021 - by Eric Toussaint, Renaud Lambert, Aline Fares, Benjamin Lemoine
CADTM Summer University 2021: Global Crisis, Debt Cancellation for Social Justice! Thursday 23 September, 6.30-8.30 p.m. – Should debts held by the ECB be cancelled? With Renaud Lambert (Le Monde Diplomatique), Benjamin Lemoine (researcher (...) -
World situation report
22 June 2021 - by Eric Toussaint, CADTM International, Sushovan Dhar, Maria Elena Saludas, Omar Aziki, Broulaye Bagayoko, Fatima Zahra El Beghiti
We publish a written version of the report on the international situation presented at the meeting of the CADTM International Shared Secretariat held on Tuesday 1 June 2021. Over the last few months the global economy has bounced back from (...) -
The Earldom of Larios Uses Debt Blackmail to Build a Golf-Course on Agricultural Land
29 April 2021 - by Eric Toussaint
Here we have a concrete example, in 2021, that plunges us into the debt system and history as it has been created through the class struggle. As I am short of time, I shall tell the story succinctly. It takes place in Nerja, a small town of (...) -
[Video] « SYSTÅM DËBT - How to become a wealthy creditor! »
24 March 2021 - by CADTM, ZinTV, Entraide et Fraternité
In this video with subtitles in 4 languages (FR, NL, EN, ES), ZIN TV, Entraide et Fraternité and the CADTM offer you their explanation of the “debt system” in the form of a tutorial cynically addressed to capital holders who benefit from this (...) -
David Graeber discusses Strike the Debt and Detroit
3 September 2020 - by CADTM, David Graeber, Jonas Nunes de Carvalho
David Graeber passed away in Venice on September 2, 2020 at the age of 59. The CADTM gives homage to the memory and work of David Graeber, in particular his book, DEBT, THE FIRST 5000 YEARS published in 2013, and his action in support of the (...) -
Capitulating to adults
31 May 2020 - by Michael Roberts
During the pandemic lockdown, I have been able to read a range of new economics books, some Marxist but most not. It seems that many leading economists have published new stuff in the last two months. Over the next few weeks, I shall post some (...) -
A book that reads almost like a thriller
11 May 2020 - by Philippe Poutou
Originally published in French and in Greek in March 2020 under the title Capitulation entre Adultes https://www.cadtm.org/Capitulation-entre-adultes-Grece-2015-une-alternative-etait-possible, the book will be available in English before the end (...) -
The Greek tragedy: Act Three
27 April 2020 - by Michael Roberts
On Thursday night, EU leaders again failed to agree on how to provide proper fiscal support for hard-hit member states to cope with the health costs of the coronavirus pandemic and collapse of their economies from the lockdowns. The EU leaders (...) -
The Varoufakis-Tsipras line was doomed to fail from the word ’Go’
2 January 2020 - by Eric Toussaint
Abstract This article on Varoufakis’s book, Adults in The Room: My Battle with Europe’s Deep Establishment (2017) and about what happened in Greece in 2015 is a guide for left-leaning readers who are not happy with the dominant narrative meted (...) -
Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
Tsipras and Varoufakis advance towards final capitulation
1 October 2019 - by Eric Toussaint
Adults in the Room, Costa-Gavras’s new film based on the book of the same title by former Finance Minister Yanis Varoufakis, will be released from 6 November in France and Belgium (see trailer: https://www.youtube.com/watch?v=U3aAyJKOSO0). We (...) -
As President, Bernie Should Cancel All Student Debt
24 June 2019 - by Ben Beckett
The billions of dollars in student loan debt are an economic and moral crisis. Bernie Sanders should promise to wipe it all out. In the United States, education is supposed to be an equalizer, and higher education in particular is key to (...) -
Can the Italian debt be repudiated?
24 June 2019 - by Cristina Quintavalla, Antonio De Lellis
Debt is not a natural disaster, nor is it the effect of excessive social expenditure: its odious nature derives from its negative consequences on the population. The Italian case. “If Salvini really wanted to fight Brussels, as he says, he (...) -
Debt is the Hidden Issue in These Elections
26 May 2019 - by UndebtedWorld
The citizens of the European Union are called to vote this week for the European Parliament. It is not a real parliament, and it lacks prospects for becoming one, since all important decisions are taken by the unelected heads of the European (...) -
Debt is the Hidden Issue in These Elections
21 May 2019 - by UndebtedWorld
The citizens of the European Union are called to vote this week for the European Parliament. It is not a real parliament, and it lacks prospects for becoming one, since all important decisions are taken by the unelected heads of the European (...) -
In February 1953 the allied powers cancelled part of Germany’s debt. What about Greece?
24 February 2019 - by Eric Toussaint, Hervé Nathan
The following interview of Eric Toussaint by the French weekly Marianne was first published in February 2015. It remains just as relevant in 2019 on the anniversary of the London Agreement on German External Debts of 27 February 1953 which (...) -
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 (...) -
Thomas Piketty and public debt
14 January 2019 - by Eric Toussaint
Thomas Piketty recently published an opinion in the newspaper Le Monde, “1789-2019, the return of debt”, (in french) which deserves to be read. We republish an article by Éric Toussaint on the positions of Thomas Piketty and that of CADTM on (...) -
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 (...) -
As Japan’s workers are facing increasing economic difficulties, Student Debt is still a major concern in the country
11 April 2018 - by Tsutomu Teramoto
The seventh CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from April 6 to April 8, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Around forty (...) -
Shocking report: Macroeconomic indicators improve but Greece’s society is suffering
9 February 2018 - by Confédération hellénique des cadres, artisans et marchands
Greek society in economic decline: Three out of four are long-time unemployed. 51% of the households depends on pensions. One in five households is afraid to lose its home. 70% of the young Greeks want to look for a work abroad. 16.3% say they (...) -
Series: Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
The Varoufakis-Tsipras Line was Doomed to Fail from the Word ‘Go’
5 February 2018 - by Eric Toussaint
Disclaimer: This series of articles on Varoufakis’s book, Adults in The Room: My Battle With Europe’s Deep Establishment is a guide for left-leaning readers who are not happy with the dominant narrative meted out by the mainstream media and the (...) -
Portugal & Europe
An Agenda for Europe: The struggle for the solution of the debt and the Euro
22 December 2017 - by Francisco Louça
In this brief text I reflect on the international context and the European crisis on the basis of the experience of Portugal under the Troika and the political change that has happened since then. The first part presents a map for 2016, the (...) -
10 key facts about debt in the UK
15 November 2017 - by Jubilee Debt Campaign, Tim Jones
The UK government is paying virtually the lowest amount of interest on its debt in recorded history, as a proportion of GDP. Of the payments it is making, most are to people and institutions in the UK, with just 25% of UK government debt owed (...) -
From Geneva to Belgrade: The Great Question of Public Debt
23 October 2017 - by Nathan Legrand
The CADTM was invited to speak at the “Debt Conference” held in Geneva on 5 October, and also participated in activities in Belgrade on 6 and 7 October. Our programme was highly charged and proved most valuable. Geneva, 5 October : « Debt (...)
- ICAN
- Agrarian Distress
- Agriculture and Food Sovereignty
- Alternatives
- Antifascism
- Arbitration
- Audit
- Austerity/Structural Adjustment
- Bank of the South
- Banks
- Belt and Road
- Big Pharma
- BRICS
- Capitalism
- Colonialism
- Commercial agreements
- Corporate Debt
- Corporate Impunity
- Corruption / financial criminality
- Crisis
- Debt campaign
- Debt crisis
- Debt in History
- Development
- ECB
- Ecological debt
- Ecology
- Energy
- External debt
- Feminisms
- Films
- Financial crisis
- G8 / G20
- Health
- Housing
- Human Rights
- Illegitimate debt
- ILO
- IMF
- Imperialism
- Inequality
- Inflation
- Initiative for the heavily indebted poor countries (HIPCs)
- International Institutions
- International law
- Microcredit
- Migrations
- Militarism
- Multinational corporation
- Natural catastrophe
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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