All the articles
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Macron’s up against the wall, let’s not let the 49.3 save him
20 March 2023 - by Léon Crémieux
Macron and his government have just attempted to force their way through on 16 March, by trying to impose their law on pensions without any vote in the National Assembly by using Article 49.3 of the Constitution, a real “hold-up”, allowing them to (...) -
The Paris Commune of 1871, banks and debt
20 March 2023 - by Eric Toussaint
On the occasion of the 150th anniversary of the extraordinary experience of the Paris Commune, it is fundamental to draw a number of lessons from it. The measures a government takes regarding its Central Bank, the debts of working class people, (...) -
Illicit Financial Flow
14 March 2023 - by High Level Panel on Illicit Financial Flows from Africa
Over the last 50 years, Africa is estimated to have lost in excess of $1 trillion in illicit financial flows (IFFs) (Kar and Cartwright-Smith 2010; Kar and Leblanc 2013). This sum is roughly equivalent to all of the official development (...) -
Silicon Valley Bank’s Collapse Shows Little Has Changed for Big Banks Since 2008
14 March 2023 - by Branko Marcetic
The spectacular collapse of Silicon Valley Bank was caused by corruption, financial recklessness, and poor decision-making. With its bailout echoing 2008’s eager bailouts for the rich, it begs the question: How much longer will Americans put up (...) -
Monetary tightening, inflation and bank failures
13 March 2023 - by Michael Roberts
Last week, US Fed Chair Jay Powell gave testimony to the US Congress on inflation and Fed monetary policy. He spooked financial markets when he appeared to say that the latest data on the economy would probably require further interest-rate (...) -
SVB: from the valley to the chasm
13 March 2023 - by Michael Roberts
On Friday, Californian bank Silicon Valley Bank (SVB) became the largest bank to fail since the 2008 financial crisis. In a sudden collapse that shocked financial markets, it left billions of dollars belonging to companies and investors (...) -
Economist Joseph Stiglitz on How War, Covid & Climate Crisis Cause Economic Crises Around the World
10 March 2023 - by Joseph Stiglitz, Amy Goodman, Democracy Now!, Juan González
As the U.N. secretary-general blasts wealthy nations for rigging the global economy for their benefit, we speak with economist Joseph Stiglitz about how war, the pandemic and the climate emergency are causing economic crises across the globe. He (...) -
“If You’re Not at the Table, You’re Probably on the Menu”
10 March 2023 - by Caroline Cornier
Africa, like the rest of the world, is in crisis. Yet Africa is particularly ill-equipped to deal with it, as it grapples with external public debt reaching new records at a time when the central banks of the countries of the North are (...) -
8th March
Debts are a tool of oppression! We will not pay!
7 March 2023 - by CADTM International
On the occasion of March 8, international day of struggle for women’s rights, we, activists of CADTM INTERNATIONAL, mobilize against the debt and its patriarchal and capitalist violence. Peasant women, students, workers, mothers, unemployed (...) -
Greece: The infamy of a predicted terrible rail disaster
6 March 2023 - by Yorgos Mitralias
The following could be a dark humor joke, but it is a very real story and, above all, emblematic of this neoliberal and dilapidated Greece of the first half of the 21st century. Only a few hours before the terrible rail disaster of 28 (...) -
ABC of Debt System
6 March 2023 - by Eric Toussaint
Abstract: This article argues that the indebted weaker countries are not the cause of sovereign debt crises and the outcomes of debt crises are directed by big banks and the governments that support them. It begins with a historical overview of (...) -
The aftermath of Sri Lanka’s economic crash
5 March 2023 - by Meera Srinivasan
As the island nation eagerly awaits a provisional IMF package to chart its path to economic stability, it is currently witnessing a new wave of protests, mainly by workers and professionals, as people’s economic hardships increase. The government (...) -
Banga’s nomination has Empire written all over it
3 March 2023 - by Iolanda Fresnillo, Jean Saldanha
Eurodad’s questions ex-MasterCard chief Ajay Banga’s nomination by the USA as their candidate for president of the World Bank Group. It is crucial that the next World Bank leader breaks with the past and has a vision for the future, but a Banga (...) -
The CADTM condemns the nomination of Ajay Banga as the future President of the World Bank and calls for the replacement of this institution
1 March 2023 - by CADTM International
A few days after the resignation of David Malpass, who remains President of the World Bank until 30 June 2023, Joe Biden announced the appointment of his successor, Ajay Banga. Like his predecessors, the future head of the World Bank is an (...) -
[Video] Le CADTM joins the international campaign Debt for Climate and calls for the cancellation of the illegitimate debts
28 February 2023 - by CADTM Belgium, Scientist Rebellion Belgium, Extinction Rebellion Belgium
On the occasion of the 70th anniversary of the cancellation of Germany’s debt, CADTM, Scientist Rebellion Belgium and Extinction Rebellion Belgium joins the international Debt for Climate campaign and calls for the cancellation of the (...) -
Haiti, which questions ?
27 February 2023 - by Mireille Fanon-Mendès France, Boubacar Boris Diop
For many years, Haiti has been destabilized by a political crisis, to which must be added the humanitarian, socio-economic and security crises, to the point that the current Prime Minister, Ariel Henry, appointed two days before the (...) -
The 1953 London Debt Agreement on Germany’s debt
26 February 2023 - by Eric Toussaint
Germany benefited from the cancellation of most of its debt as of February 27, 1953. This cancellation was instrumental in helping the country regain its position as the leading economic power on the European continent. Since then, no other (...) -
From Lebanon to Sri Lanka through Latin America and Egypt: Public debt today and in the history of capitalism
26 February 2023 - by Eric Toussaint, Anis Germany
The present interview with Éric Toussaint aims at constructing a common position about debts and their payment. It also helps to understand the part played by debt and its mechanisms in the extraction of resources of the South by the North at an (...) -
Russia-Ukraine: one year of war – the economics
26 February 2023 - by Michael Roberts
It’s just a year since the Russian invasion of Ukraine. I am not going to discuss the politics of this war in this post. There are plenty of sources for debate on this. Instead, I want to look at the economic consequences of the war for both (...) -
[Video] Global Crises, Global Resistance - building alternatives with the Global South
23 February 2023 - by Miguel Urbán Crespo, Broulaye Bagayoko, Dorothy Guerrero, Tarcísio Motta, Rityusha Mani Tiwary, Wim Moyaert
International conference, co-organised by the Transnational Institute, the Committee for the Abolition of Illegitimate Debts (CADTM) and the Left Group in the European Parliament (The Left), bringing together voices from four continents, to (...)
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