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Debt in Northern countries

The International Context of Global Outrage (5/5)

Indignadas and Indignados of the World, Unite !

22 January 2012 - by Eric Toussaint

The future of the Arab spring and the Indignados and Occupy Wall Street movements is very difficult to foresee. The Tunisian and Egyptian uprisings are likely to lead to a transition similar to those that ensued in Latin America, the (...)
The urgency of an independant women’s movement against debt and austerity measures

22 January 2012 - by Sonia Mitralias

Why have an independent women’s movement against the debt and austerity measures in Greece? Because the debt crisis and the subsequent austerity measures affect us women first, in every aspect of our lives. So if we women don’t organise (...)
Open the debate on the European Stability Mechanism: an emergency in the hands of citizens

20 January 2012 - by S. Berwez

The following letter and initiative have been approved by CADTM Belgium. With this initiative CADTM wants to invite citizens to question the members of the Belgian parliament. Now the debt crisis and its consequences are no longer affecting (...)
The International Context of Global Outrage (2/5)

The global crisis that preceded the Arab Spring, the Indignados, and the Occupy Wall Street movement

6 January 2012 - by Eric Toussaint

In 2007, the capitalist sky started to darken: the biggest crisis of capitalism since the 1930s had erupted. The different crises that ensued were interconnected: the banking and financial crisis, real estate crisis, and economic crisis in the (...)
The International Context of Global Outrage (in 5 parts)

Looking back on the movements that preceded the Arab Spring, the Indignados, and Occupy Wall Street

3 January 2012 - by Eric Toussaint

In 2011, social and political rebellion has re-emerged in the streets and on squares all over the world. It has appeared in new forms and been given new names: the Arab Spring, the Indignados, the Occupy Wall Street (OWS) movement. The main (...)
Hungary. On the holiday of love

31 December 2011 - by Ferge Zsuzsa

Christmas being the holiday of love and goodwill, and of compassion towards the needy, a summary of what has happened to them over the past year seems to be timely. The overall picture – in Hungary and in the world at large – is pretty (...)
Interview of Andy Storey (Action from Ireland – AFRI) by Virginie de Romanet (CADTM)

22 November 2011 - by Virginie de Romanet, Andy Storey

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 (...)
Ireland’s Debt Crisis: Roots and Reactions

22 November 2011 - by Andy Storey

The collapse of the Irish economy has come as a particular shock to many people, at home and abroad, because of its seemingly remarkable success in the preceding years, the period of very rapid economic growth that saw the country, from the (...)
G20 : the Symbol of a System Failure

7 November 2011 - by Eric Toussaint

The G20 is no more legitimate than its progenitor the G7 (Canada, France, Germany, Italy, Japan, UK and USA). It was launched by the industrialized countries three years ago when they were beginning to feel the effects of the biggest economic (...)
No to the 50% haircut, no to the new Occupation. Cessation of payments and debt audit!

3 November 2011 - by Greek group for the audit of public debt

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 (...)
Greece: The number of malnourished Greek children is rising for the first time since the Second World War

2 November 2011 - by Katerina Kitidi, Aris Chatzistefanou

It was a few days before New Year’s Eve 2011 that a well-groomed mother and her child appeared at a polyclinic in Perama, a working-class suburb of the Greek capital. Restive in festive spirit, a doctor asked the little girl: “Sweetie, what do you (...)
The agreement of the 26/27 October 2011 European summit meeting is unacceptable

28 October 2011 - by Eric Toussaint, Pascal Franchet, Yorgos Mitralias, Griselda Pinero

The agreement made at dawn on the 27th October 2011 brings no solution to the eurozone crisis, neither to the banking crisis, the sovereign debt crisis or the euro crisis. The decisions taken do not solve any of the problems in an acceptable (...)
The Crisis and the Arts

27 October 2011 - by Marianna Tziantzi

An old Greek saying, “the hungry bear does not dance,” refers to an era when chained bears danced in the street while their masters beat tambourines. When hungry, however, the bears were not inclined to dance. Something similar is going on right (...)
Greece: Massive depression and numbers that remind Argentina

27 October 2011 - by Moisis Litsis

Nowadays, there is hardly any home in Greece without at least one unemployed, recently dismissed or underpaid. An entire society lives in massive depression. "Have you heard that he has been fired and that he is out of job for almost a year?” (...)
Greece : « A country being bled white and destroyed by those who claim to save it »

23 October 2011 - by Sonia Mitralias

This contribution in the opening session of the London Conference « Europe against Austerity », organized by the Coalition of Resistance on October 1st 2011, was greeted by a standing ovation. I come from Greece, a country being bled white and (...)
The crisis reaches far beyond the European Union

19 October 2011 - by Eric Toussaint

Even if Europe is hard hit, the crisis by no means limited to the European Union: almost all the industrialized economies are in a state verging on coma. Depending on the country, unemployment remains high or is increasing. Even in the so-called (...)
Declaration of the European Conference Against Austerity

This European conference meets not a moment too soon. The peoples of Europe face an unprecedented social, political and economic crisis. Our governments are implementing the most savage spending cuts designed to destroy all the social gains (...)
Greek Tragedy

29 September 2011 - by Nick Dearden

Everyday the same news – Greece lurches nearer to a default, the financial markets panic, and governments come up with a few more euros or some soothing words to calm them for a few hours. The meltdown has been put off for another day. Almost (...)
In the eye of the storm: the debt crisis in the European Union (7/7)

Alternative ways out of crisis

26 September 2011 - by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the (...)
In the eye of the storm: the debt crisis in the European Union (6/7)

Has the crisis peaked yet

24 September 2011 - by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the (...)
In the eye of the storm: the debt crisis in the European Union (5/7)

CDS and rating agencies: factor(ie)s of risk and destabilization

23 September 2011 - by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the (...)
Greece must default and quit the euro. The real debate is how

20 September 2011 - by Costas Lapavitsas

Greece is facing an economic and social disaster, the result of its so-called rescue by the “troika” of the EU, the International Monetary Fund and the European Central Bank. Greece must change course to avoid a grim future for its people: it must (...)
In the eye of the storm: the debt crisis in the European Union (4/7)

A European Brady deal: austerity for life

19 September 2011 - by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the (...)
In the eye of the storm: the debt crisis in the European Union (3/7)

The ECB, ever loyal to private interests

16 September 2011 - by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the (...)
In the eye of the storm : the debt crisis in the European Union (2/7)

The great Greek bond bazaar

14 September 2011 - by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the (...)