EDITO
The external public debt in the global South has registered a dramatic
increase in the last two decades reminding us of the pre-debt crisis
situation of Third World countries in the 1980s. Milan Rivié shows how
the widespread use of bond issues poses a new challenge. With more and
more over-indebted countries and seventeen already in suspension of
payments, new debt crisis is upon us.
After four years of brutal neoliberal policies under Mauricio Macri as
President, Argentina is again facing a major debt crisis. Eric
Toussaint explains the development of this crisis and how we ought to
resist it. And this is not all! After the Argentine rout, the IMF
is backing a tax reform bill in Ecuador that will enable capital
flight and further austerity. Lara Merling exposes the IMF game-plan
in Ecuador. Commenting on the latest developments in Latin America,
Franck Gaudichaud in an interview to Antoine Pelletier speaks out
against the conservative offensive and highlights the latest
developments of the class war going on on the continent.
A very interesting article by Manjima Mishra draws our attention
towards the unprecedented suicide of women farmers in the Indian state
of Maharashtra due to indebtedness. Amali Wedagedara informs us that
there are no quick fixes for household debt crisis in Sri Lanka.
Also read articles on housing dispossession and squat evictions in
Greece, illegal projects and the World Bank in Pakistan and the stock
market bubble in the US and Europe.
CADTM wishes everyone a new year of hope, struggle and victory of the people!
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