Comité pour l'abolition des dettes illégitimes

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Argentina

Argentina: Default and Beyond What Lessons for Europe?

3 April 2014 - by Alain Cibils

The current debt crises in several European countries warrant a close look at Argentina’s substantial experience with debt crises, default and debt restructuring. Argentina’s December 2001 default is particularly relevant to the current situation (...)
Argentina

Recent decision in favour of “vulture funds”: A new page in the story of illegal and illegitimate debt

12 September 2013 - by ATTAC/CADTM Argentina, CADTM AYNA

The recent decision by the New York appeals court declaring that Argentina must pay its holdout creditors in full demonstrates that until Argentina repudiates its illegal and illegitimate debt, it will continue to be harassed by international (...)
Argentina

Vulture funds: US court ruling on Argentina enrages debt justice campaigners

3 September 2013 - by Bodo Ellmers

The long litigation odyssey between the government of Argentina and holdout creditors continues. Debt justice campaigners in Argentina and the USA are enraged about a new ruling by the New York appeals court in favour of the vulture funds NML (...)
Statement

The real debt is to the rights of the people of Argentina

The retention of the frigate Liberty in Ghana, and the recent New York court decisions ordering the country to pay new, multimillion dollar sums, reveal the persistence of a serious debt problem that continues to condition our present and (...)
The Vultures vs Argentina: The Debt Case of the Century

28 November 2012 - by Nick Dearden

It has been called ’the sovereign debt case of the century’. Argentina’s economy is being held to ransom by a small handful of very wealthy speculators. If Argentina doesn’t give in to their demands by 15 December, so a New York court has ruled, the (...)
Don’t cry for Argentina, fight back!

26 November 2012 - by Beverly Keene

The prized Argentine naval frigate named “Liberty”, has been retained in a Ghanaian port since October 2, by virtue of the claim filed there by the same vulture fund that yesterday obtained an order from a New York Judge to pay all the holders of (...)
Argentina : towards a possible new withdrawal from ICSID ?

4 May 2012 - by Nicolas Boeglin

In order to resolve any disputes that may arise between States and foreign investors, was established in 1965 under the World Bank, the International Centre for Settlement of Investment Disputes between foreign investor and State (ICSID) with (...)
Open letter to the Argentine people concerning the expropriation of the petroleum multinational Repsol

24 April 2012 - by CADTM AYNA, CADTM Europe

CADTM Abya Yala Nuestra America, (CADTM AYNA) and CADTM Europe firmly support the sovereign right of the Argentine nation to declare YFP, the principal petroleum company operating within its territory, to be of public utility and to proceed to (...)
Los buitres que quieren la piel de Argentina

18 de abril de 2012 - por Stéphanie Jacquemont

Desde hace poco tiempo Argentina es blanco de ataques en varios frentes, relacionados con la suspensión de pagos de su deuda decidida en 2001, y con procedimientos ante el CIADI (Centro Internacional de Arreglos de Diferencias relativas a (...)
The vultures that want to bring Argentina to its knees

17 April 2012 - by Stéphanie Jacquemont

Argentina has recently been assaulted on several fronts. These attacks are related to the 2001 suspension of payment on its external debt and to cases brought against the country before the ICSID (International Centre for the Settlement of (...)
Europe should learn from Argentina’s experience of fighting off vultures, before it’s too late

11 August 2011 - by Nick Dearden

Last year we won a campaign against what we call vulture funds - companies that buy up defaulted developing country debt cheaply in order to sue the country concerned for the full value of that debt. These companies have blighted countries like (...)
Argentina. Defy the Creditors and Get Away with It

4 November 2010 - by Walden Bello

The unexpected death a few days ago of Nestor Kirchner deprived not only Argentina of a remarkable, albeit controversial leader. It also took away an exemplary figure in the Global South when it came to dealing with international financial (...)
CADTM AYNA Network holds Seminar entitled “Proposals and Social Alternatives Sovereign Debt Against”

22 October 2010 - by Daniel Munevar

The 16th and 17th of September of 2010, took place in Buenos Aires, Argentina, the Seminar “Sovereign and Social Alternatives Proposed Against Debt” organized by the CADTM AYNA Network. With the presence of more than 80 participants, the (...)
Truth, Memory, Justice on Argentina’s debt

18 August 2010 - by Dialogo 2000

Congress moves towards an investigation demanded by those affected by a debt accumulated on the basis of serious crimes Dialogue 2000 welcomes the recent adoption by three Committees of the Chamber of Deputies, of a nearly unanimous opinion on (...)
Declaration

Argentina. Ten Years After the Olmos Judicial Ruling on the Illegitimacy of the Debt: Audit or Keep Paying?

Ten years ago today, July 13, 2000, Argentine Federal Judge Jorge Ballestero ruled on the illegality, illicitness, and fraud of the public debt contracted by the military dictatorship between 1976 and 1983, in the case to which journalist (...)
Developing countries: dangerous times for the internal public debt

11 October 2008 - by Eric Toussaint

Since the second half of the 1990s, the internal public debt of the world’s developing countries has increased significantly. This increase is now reaching alarming proportions in a number of middle-income countries. While some very poor (...)
Chomsky: Poorer Countries Find a Way to Escape U.S. Dominance

1 March 2008 - by Michael Shank

The famous critic lays out the emerging alternatives to the U.S.-dominated international financial institutions of the last century.
You, Argentina, 5 years on...

30 December 2006 - by Eric Toussaint, Damien Millet

Argentina, you have been much talked about since the night of 19 to 20 December 2001 when after three years of economic recession your people went down into the streets to shout their rejection of the neoliberal policies led by Fernando De la (...)
Latin America and Debt

Hugo Chavez, Nestor Kirchner et Inacio Lula: Not the same kettle of fish

6 February 2005 - by Claudia Jardim

Interview of Eric Toussaint by Claudia Jardim in Brasil de Fato (Brazilian newspaper, issue # 97, January 6-12, 2005). Make the public understand the connection between the lack of resources for health and education and the payment of (...)
Argentina and the IMF: Down to the wire again

1 June 2004 - by Alan B. Cibils

Alan B. Cibils is a Research Associate at the Centro Interdisciplinario para el Estudio de Políticas Públicas (Interdisciplinary Center for Public Policy Studies-CIEPP) in Buenos Aires, (www.ciepp.org.ar) and a Senior Research Associate at the (...)
Argentina

The Human Face Of Economics

1 March 2004 - by Ann Scholl , Facundo Arrizabalaga

... It is time to recognize these debts as odious, instead of creating more hunger, more deaths and more ’economic’ terror ...
Argentine President Faces Off With IMF

25 February 2004 - by Roger Burbach

President Nestor Kirchner of Argentina is emerging as the leading nemesis of the International Monetary Fund and the private financial speculators in South America ...
Not Neo-con, Just Plain Greed

The Iraqi debt and the US administration

5 January 2004 - by Naomi Klein

Contrary to all predictions, the heavy doors of Old Europe weren’t slammed in James Baker’s face as he asked forgiveness for Iraq’s foreign debt. France and Germany appear to have signed on, and Russia is softening its (...)