2 September

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CADTM - Newsletter en English

We celebrate the centenary of the Russian Revolution of 1917 by summarising the principal lessons that it bequeathed to us. Amongst others, the road to debt repudiation is instructive. We are happy to present the readers with the integral piece on the Russian Revolution and the Repudiation of Debt by Eric Toussaint.

When the “black Jacobins” rose above all to defeat the mighty Napoleonic army in Haiti, they could hardly imagine that in spite of their heroic efforts, their posterity will be immersed in abject poverty and misery more than 200 years after the Haitian revolution. Jerome Duval traces the origins of the Haitian rebellion in the late 18th century and compares the current predicament of the Haitians. He argues that in the light of historic experiences “Haiti is not indebted, but a creditor.”

In an interview on the “the Future of Greece” Costas Lapavitsas urges the Left to once again play its historic role. He strongly believes that despite Syriza continuing to oversee the implementation of austerity, all is not hopeless

Meera Srinivasan narrates how personal debt drives mothers and children to death in war ravaged northern Sri Lanka. B Skanthakumar warns about the danger of the Sri Lankan external debt and how market fundamentalism has brought prosperity only to the priveleged few.

In these contexts, the struggle for debt repudiation becomes more important than ever. Eric Toussaint by telling us how sovereign debt repudiations are stepping stones of history.

We also present articles in support and solidarity of the Catalonian movement for independance, the dangerous dimensions of the Congolese debt, Puerto Rico and hurricane Maria, Rif rebellion in Morocco, energy colonialism in Tunisia, etc.
Debt in the history
  • Haiti: From trafficking to debt
    Jérôme Duval
    This Caribbean country is not in debt, it is a creditor. It is France which owes it money. (...)
  • Centenary of the Russian Revolution and the Repudiation of Debt
    Eric Toussaint
    In February 1918, the repudiation of the debt by the Soviet government shocked international (...)
  • Sovereign Debt Repudiations: Stepping Stones in History
    Eric Toussaint
    From the beginning of the 19th century, many States, from Latin America to Tunisia, Egypt and (...)
  • Sri Lanka
  • A legacy of liberalisation in Sri Lanka
    B. Skanthakumar
    The Sri Lankan government recently released its ‘Vision 2025’ manifesto, heralding a new wave of (...)
  • Sri Lanka: Debt drives Jaffna mom, children to death
    Meera Srinivasan
    Just as mounting household debt in Sri Lanka’s war-affected region began drawing national (...)
  • CADTM - Serbia
  • From Geneva to Belgrade: The Great Question of Public Debt
    Nathan Legrand
    The CADTM was invited to speak at the “Debt Conference” held in Geneva on 5 October, and also (...)
  • Greece
  • ECB’s odious profits on the backs of the Greek people
    Eric Toussaint
    Mario Draghi recently acknowledged that euro zone central banks had accumulated €7.8 bn in (...)
  • The Future of Greece
    Costas Lapavitsas
    Syriza continues to oversee the implementation of austerity. But all is not hopeless in Greece. (...)
  • Social movements
  • Hirak: The new name of the Rif rebellion by Soraya El Kahlaoui
    Soraya El Kahlaui
    This article was commissioned and paid by The Funambulist for its 13th issue (Sept-Oct. 2017) (...)
  • Morocco – Petition: Free the Hirak political prisoners
    The death of Mohcine Fikri - a fish vendor crushed in a garbage truck on October, 28th, 2016 (...)
  • Social movements - Spanish State
  • For the right of peoples’ Self-Determination: support for Catalonia
    World March of Women
    Catalan women and men have been building for years a democratic process to exercise their right (...)
  • Catalonia’s Paradox – October 1 shook Catalonia and the Spanish state. What happens now?
    Josep Maria Antentas
    October 1 has passed, closing a period of the shared history between Catalonia and the Spanish (...)
  • International Institutions
  • IMF needs radical reform to halt ‘failed policies’ of privatization and austerity – UN expert
    United Nations - Human Rights
    NEW YORK (17 October 2017) – The lending policies of the International Monetary Fund are (...)
  • Corruption / financial criminality
  • Paradise Papers: States must act against “abusive” tax conduct of corporations - UN human rights experts
    United Nations - Human Rights
    GENEVA (9 November 2017) – International corporations responsible for systematic tax abuse (...)
  • Puerto Rico and Caribbean
  • Puerto Rico: Some Lessons of the Hurricane
    Rafael Bernabe
    Crises raise new, sharp problems that unveil and accentuate both the admirable and the negative (...)
  • Debt relief for the hurricane-hit islands is the least we should do
    Tim Jones
    As the devastation from recent hurricanes in the Caribbean becomes clearer, the calls for debt (...)
  • Congo - Debt crisis
  • Hidden debts contribute to crisis in Congo
    Jubilee Debt Campaign
    The IMF has reported that the Republic of Congo’s debt is higher than previously thought, but (...)
  • Ecological debt - Tunisia
  • TuNur in Tunisia: Another case of energy colonialism
    Hamza Hamouchene
    A familiar ‘colonial’ scheme is being rolled out: the unrestricted flow of cheap natural (...)
  • Alternatives - Europe
  • The European Union against Europe: Disobeying and Walking
    Daniel Albarracín
    The purpose of this presentation is to contribute with some elements of the debate, focusing on (...)
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