Audit

• Video

  Coordinated efforts in Europe and North Africa to fight against Debt and Austerity

  by Auditoria 15 M

  16 April 2012

  The International Citizen Debt Audit Network – ICAN, has been born under the slogan “We don’t owe! We won’t pay!”

• ACT NOW: Support Debt Justice for Zimbabwe

  by Jubilee Debt Campaign

  14 April 2012

  With fresh elections due next year, debt campaigners in Zimbabwe want lessons learned about the country’s $7 billion debt. Take action now to support their call. Zimbabwe stopped paying most of its debts in the year 2000. Since then, Zimbabweans have faced economic chaos and social upheaval. But today there is new hope.

• Promising developments for a citizens’ debt audit in France

  
  by Damien Millet

  16 March 2012

  Third world countries have been facing a debt crisis and its consequences since the 1980s. The IMF and its creditors have imposed structural adjustment programmes on them, maintaining these economies in a state of subjection and causing social destruction, while opening up the floodgates of profit for multinational corporations that shamelessly increase their market share at the expense of local businesses. This logic continued until the middle of the first decade of this century. Then in (...)

• France : The citizens’ debt audit - Newsletter N°2

  by Collectif pour un audit citoyen de la dette publique

  26 February 2012

  The campaign for a citizens’ audit of the public debt is making headway. Following the success of the call for general mobilization, which attracted nearly 60,000 signatures, about a hundred collectives have been set up in towns and villages across France with the aim of launching a vast campaign to raise public awareness of the issues related to public debt (see list of local collectives). The locally-based popular response was a decisive factor in the huge success of the mobilisation (...)

• Greek Debt Audit Campaign Announcement

  13 February 2012

  The International Treaty and Memorandum which accompany the ‘haircut’ of Greek public debt pushes the populace further into impoverishment. They will enshrine a dramatic drop in both living standards and working conditions, and implicitly enslave us to our creditors. What follows from the reductions in pensions and wages, the abolition of collective bargaining legislation (contrary to Article 22 of our Constitution) and the 150 000 public sector redundancies are mass hunger and wages of 300 (...)

• Citizen debt audits: how and why?

  
  by Damien Millet, Eric Toussaint

  4 January 2012

  The question of the repayment of public debt is undeniably a taboo subject. The heads of State and governments, the European Central Bank, the International Monetary Fund, the European Commission and the mainstream media present it as inevitable, indisputable and obligatory. The people have no other choice than to knuckle under and pay. The only possible discussion pertains to how the burden of the sacrifices will be spread around so as to find sufficient budget to meet the nation’s (...)

• AUDIT: an essential tool to show the origins and causes of the current “debt” crises in the United States and Europe

  
  by Maria Lucia Fattorelli

  5 December 2011

  1. The origins and the essence of the current financial crisis The recent debt crisis in the United States of America, as well as some new findings about the current economic problems in European countries, have revealed how the instrument of public debt is used for the benefit of banking and finance. First of all, it is necessary to highlight the fact that public debt is in no way inherently bad. Actually, it should be an important instrument of financing state policies - on the basis of (...)

• Interview of Andy Storey (Action from Ireland – AFRI) by Virginie de Romanet (CADTM)

  
  by Virginie de Romanet, Andy Storey

  22 November 2011

  Virginie de Romanet (VDR): I have recently read the report on irish debt audit since the 2008 crisis and banks rescue –report which I found quite technical - and I was surprised to see nothing there on illegitimacy. Andy Storey (AS): That was deliberated as we elaborated terms of reference that didn’t oblige the people in charge of doing this audit to take position. They were commissioned on an independent point of view so that produced an academic and independent report which we consider (...)

• No to the 50% haircut, no to the new Occupation. Cessation of payments and debt audit!

  by Greek Auditing Commission of the Public Debt

  3 November 2011

  In the early hours of the 27th October, the Eurozone leaders reached a decision marking the tightening of the public debt’s grip over the Greek people. The proposed haircut of the public debt held by the private sector will not resolve Greece’s debt problem, whilst instead it brings new burdens. The reasons are plenty: 1. The haircut will be accompanied by new loans, worth EUR 130bn, leading to a less than promised debt reduction. 2. The debt reduction is small and unequally (...)

• An Audit of Irish Debt

  15 September 2011

  Summary This is an audit of Irish sovereign debt, and as such seeks to quantify and explain the debts, both real and contingent, for which the Irish people have become responsible. As such, our main focus is bonds issued directly by the Irish government and long-term liabilities of the banks which are guaranteed by the Irish government. In addition to this we examine some market activity including short selling and credit default swaps, in order to explain how they impact on the market for (...)

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