Finance against people
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Why won’t the Bretton Woods institutions take crisis risks seriously?
27 April 2016 - by Eurodad
The International Monetary Fund (IMF) and World Bank spring meetings have faded in significance since the G20 became the main forum for discussion between major economic powers. As happened last year, little was agreed when the governors of the (...) -
UN independent expert: “IMF programmes worsen income distribution”
26 April 2016 - by Bretton Woods Project
UN expert report links inequality, financial crises and human rights - Report claims IMF programmes are associated with worsening income distribution and reduction of income of the poor - UN expert calls for human rights-based responses to (...) -
Panama and the Criminalization of the Global Finance System
20 April 2016 - by Michael Hudson, Sharmini Peries
Sharmini Peries: Within a week the 11 million documents called the Panama papers, published by the International Consortium of Investigative Journalists, has become a household name. The documents are connected to the Panama law firm Mossack (...) -
The Panama Papers & Capitalism Today: Neo-liberalism’s World of Corruption
12 April 2016 - by Phil Hearse
Phil Hearse examines the corrupt state of capitalism. The Panama Papers’ revelations about the rich and powerful hiding untold billions in ‘offshore’ tax havens may be shocking, but it’s hardly a surprise to anyone who knows the first thing about (...) -
Panama Papers: UN rights expert calls for the end of financial secrecy to halt flow of illicit funds
11 April 2016 - by Juan Pablo Bohoslavsky
GENEVA (8 April 2016) – The United Nations Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, today called on the international community to urgently put an end to financial secrecy. He warned that tax evasion and the (...) -
Global Wealth Inequality
If “TheRules.org” does not call to finish with capitalism, we wished to share this video on global inequalities. -
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”
Video: Cephas Lumina: “The Paris Club has no legitimacy”
17 March 2016 - by Cephas Lumina
Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...) -
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”
Video: Zoe Konstantopoulou: “The Greek Debt Truth Committee’s final report scared the creditors.”
17 March 2016 - by Zoe Konstantopoulou
Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...) -
Recent Developments of the Global Campaign to Dismantle Corporate Power
14 March 2016 - by Radio Mundo Real
Real World Radio has interviewed Brid Brennan from the Transnational Institute (TNI) to discuss recent works of the UN Intergovernmental Working Group (IGWG) in Geneva, including side events of acknowledgement for Berta Caceres, and the (...) -
Declaration of Attac Argentina
Reject the Imminent Agreement with the “Vulture Funds”
8 March 2016 - by ATTAC/CADTM Argentina
The worrisome Argentine “Public Debt” has its roots in an illegal and illegitimate debt process. It started with the Dictatorship and involves all governments elected from 1983 up to now. The bonds, that the “vulture funds” are claiming payment of, (...) -
Stop feeding the vulture funds: Argentina’s agreement to hand over $4.65bn proves the world needs a new, fairer insolvency regime
2 March 2016 - by Bodo Ellmers
Argentina’s ‘agreement’ to award vulture funds US$4.6bn (€4.26bn) demonstrates why nations need a new global system to resolve debt issues and avoid being held to ransom. -
The Privatising Industry in Europe
24 February 2016 - by Sol Trumbo Vila, Matthijs Peters
Privatisations of state-owned assets have become a central plank of EU/Troika agreements with debtor nations such as Greece, Ireland, Italy, Spain and Portugal, but there has been little examination of their track record nor an examination of (...) -
Rich country governments put national interests ahead of world’s poorest
22 February 2016 - by Eurodad
Governments of rich states today cleared the way for the diversion of development aid away from those most in need. Development ministers at a meeting of the OECD Development Assistance Committee (DAC) in Paris agreed to allow member countries (...) -
No Need to Negotiate with Vulture Funds
22 February 2016 - by Renaud Vivien
Since his victory in the November elections, the new President of Argentina, Mauricio Macri, has given priority to resolving the dispute between his country and “vulture funds” – investment funds that buy up heavily marked-down sovereign debt from (...) -
Corporate vision of the future of food promoted at the UN
19 February 2016 - by La Via Campesina, GRAIN, ETC
Corporate vision of the future of food promoted at the UN: More than 100 civil society organizations raise alarm about FAO biotechnology meeting (Rome, Monday 15 February, 2016) Just when the biotech companies that make transgenic seeds are (...) -
Videos: Documentary series about the TTIP
10 February 2016 - by Art.35 Films
Documentary series about the TTIP, the Transatlantic Trade and Investment Partnership, which the United States and the European Union are negotiating. TTIP: The privatizacion of justice TTIP: Energy and climate change TTIP: A corporate (...) -
Reform of the IMF lending framework: The IMF bails out from bailouts
3 February 2016 - by Bodo Ellmers
The International Monetary Fund (IMF) has approved a new reform of its exceptional access framework. The key step made on 29 January 2016 is to remove the systemic exemption clause. This is the clause that has made IMF participation in the mega (...) -
62 billionaires now control half of world’s wealth
25 January 2016 - by Farooque Chowdhury
The richest 62 persons now control more than half of the world’s money, according to a new Oxfam report. Total wealth of these individuals is the same as that of the world’s poorest 3.6 billion people. The rich-poor gap is growing wider. The (...) -
Video: Greece falls prey to ECB diktats and blackmail
19 January 2016 - by Eric Toussaint
The following video shows a talk given at the European Parliament in Brussels by Eric Toussaint on 14 January 2016 on the occasion of the international meeting organized by the left-wing European Parliamentary Group GUE/NGL (European United (...) -
How microcredit has hurt the poor and destroyed informal business
4 January 2016 - by Milford Bateman
This is part of a series of articles The Conversation Africa is running on financial inclusion and micro credit and their role in economic development. Post-apartheid South Africa provides ample evidence of the debilitating trajectory of the (...) -
Resisting WTO’s culture of terror and impunity
30 December 2015 - by Yash Tandon
This article seeks to explain the process leading to WTO’s Tenth Ministerial Conference (WTO MC10). The next (final article in this series) will focus on the substance of negotiations. Of course, you cannot separate the process from the (...) -
From Zorro to Zombie: the rise and fall of the microcredit movement
28 December 2015 - by Milford Bateman
Thirty years ago, the international development community was in a state of high excitement. The perfect market-affirming solution to poverty in developing countries had apparently been found. Microcredit, also known as microfinance. This (...) -
Hedge funds vs Greece: lobbyists want “cheap ticket” to speculation
18 December 2015 - by Corporate Europe Observatory
This summer Greece’s financial authorities fined 20 hedge funds for speculating against the Greek economy. Now, the main global lobby group for hedge funds is trying to tweak the EU’s rules so they can have a free play in the future. Global (...) -
Three reasons why the Paris climate deal is a fraud
15 December 2015 - by Jerome Roos
World leaders are congratulating themselves on a set of promises they will never be able to keep without taking on the immense power of the fossil fuel industry. World leaders and the international media are hailing the deal struck in Paris as (...) -
IMF in Ukraine: shock therapy in times of armed conflict
11 December 2015 - by Tiago Stichelmans
Last week, the IMF announced that the disbursement of the third tranche, or portion, of the IMF programme in Ukraine was dependent on the adoption by Ukrainian authorities of the 2016 budget and a tax reform agreed as part of the IMF bailout. (...)
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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