Debt in Northern countries
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Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
How Tsípras, with Varoufakis’s aid, turned his back on Syriza’s platform
18 September 2017 - by Eric Toussaint
Yanis Varoufakis traces his collaboration with Alexis Tsípras and his alter ego, Nikos Pappas, back to 2011. That collaboration gradually broadened, starting with 2013, to include Yanis Dragasakis (who became vice-Prime Minister in 2015). There (...) -
Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
Varoufakis’s questionable account of the origins of the Greek crisis and his surprising relations with the political class
1 September 2017 - by Eric Toussaint
In his latest book Adults in the Room, Yanis Varoufakis gives us his version of the reasons behind the Tsipras government’s shameful capitulation in July 2015. It essentially analyses the period 2009-2015, though it makes incursions into earlier (...) -
Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination — Part One: Proposals Doomed to Fail
24 August 2017 - by Eric Toussaint
In his latest book, Adults in the Room (https://www.theguardian.com/books/2017/may/15/adults-in-room-battle-europes-deep-establishment-yanis-varoufakis-review), Yanis Varoufakis gives us his version of the events that led to the Tsipras (...) -
Back to the Future of Austerity and Debtocracy!
15 May 2017 - by Leonidas Vatikiotis
The SYRIZA-ANEL made a deal with the creditors, signed in May 2, that was met with a great deal of enthusiasm from the markets. It is an agreement that will increase poverty and over-indebtedness, and will deal a blow to the country’s sovereign (...) -
On The Odiousness of Greek Debt
24 April 2017 - by Renaud Vivien, Ilias Bantekas
Abstract Unlike the popular narrative, which suggests that the Greek debt crisis was the result of lavish spending, this article demonstrates that the ‘crisis’ was generated by a transformation of purely private debt into public debt. This (...) -
Greece: The PSI and the process of bank recapitalization (2012-2016)
24 January 2017 - by Daniel Munevar
This section analyzes the impact of the debt restructuring of 2012 on Greek banks and the measures taken to ensure their proper recapitalization. It describes the role of the Hellenic Financial Stability Fund (HFSF) in this process and the (...) -
Secret IMF Documents on Greece commented by Eric Toussaint (CADTM)
16 January 2017 - by Eric Toussaint
The CADTM draws attention to two IMF documents dating from March and May 2010 that were kept secret. These authentic documents were placed at the disposal of the Truth Committee on Greek Public Debt by Zoe Konstantopoulou, the President of the (...) -
Some home truths about banks, pensions and Greek debt
10 January 2017 - by Anouk Renaud
On the 5th, 6th and 7th of November, the Truth Committee on Greek Public Debt met again in Athens to carry on its investigation. After studying the Greek public debt and in particular the Troika’s loan in 2010, the Committee enquired into the (...) -
Four reasons why Greece should not have paid the IMF
14 December 2016 - by CADTM International
On 7 December 2016 Greece remitted €299 million to the IMF. This sum corresponds to a part of the “bail-out” that was granted in 2010 and is all at the same time illegal, illegitimate, odious and unsustainable. To start with, only 5% of the sums (...) -
Why Greek pension [counter]reforms are not sustainable
30 November 2016 - by Michel Husson
The Greek pension system has undergone many reforms since the beginning of the crisis, and the latest was extensively negotiated with the creditors. Rather than outlining the details of these reforms, the aim of this document is to highlight the (...) -
The Greek audit Commission battles on !
18 November 2016 - by Anouk Renaud
The Greek Debt Truth Commission that was created in April 2015 to audit the Greek public debt, on the initiative of Zoe Konstantopoulou, former President of the Greek Parliament (the Vouli), has held another meeting in Athens on the 5, 6 and 7 (...) -
The CADTM Italy is born
18 October 2016 - by Chiara Filoni
Following the successful meeting between secular and Catholic entities in Genoa on July 15th of this year, which also lead to the Charter of Genoa for the abolition of illegitimate debts, twenty Italian movements and progressives met on (...) -
Austerity: Greece Braces for New Troika Onslaught on Workers’ Rights
2 August 2016 - by ITUC-CSI
Greek workers are preparing for yet more attacks on their fundamental rights as the IMF/EU/European Central Bank ‘Troika’, at the urging of the IMF, prepares to impose a new round of cuts to minimum wages, weakening of laws protecting workers (...) -
Part 1 of the interview “History of the CADTM’s anti- debt Policies"
The history of the CADTM and its struggle against illegitimate debt: Origins
2 August 2016 - by Eric Toussaint, Benjamin Lemoine
Interview with Eric Toussaint, spokesperson and co-founder of the international network of the Committee for the Abolition of Illegitimate Debt (CADTM). Interview by Benjamin Lemoine. This interview presents the genealogy of the anti-debt (...) -
Video
The Greek debt, a European Tragedy
22 July 2016 - by CADTM, Productions du Pavé
The animated video “ The Greek debt. a European tragedy” here presented is the result of an intense effort of sensibilisation realised by the collective “Production du Pavé” and the CADTM staff. This video intends to sum up in a simple and easy (...) -
Éric Toussaint: ‘If governments do not want citizen debt audits, it is because they are hiding something’
7 June 2016 - by Eric Toussaint, Maialen Mariscal Ruben Plaza
According to Éric Toussaint, States should default on their payments in order to renegotiate and radically reduce their debts. San Sebastian (Basque Country – Spain) – Éric Toussaint staunchly campaigns for the cancellation of a State’s debt (...) -
Press Release
Who has been lying : the CADTM or the Paris Club ?
4 June 2016 - by CADTM
On Thursday 2 June 2016, the Committee for the Abolition of Illegitimate Debt (CADTM) issued a press release entitled “The Paris Club will abolish the Greek debt and adopt official statutes” in order to comment a fake press release by the Paris (...) -
Greece: Continued debt slavery from the late 19th century to the Second World War
17 May 2016 - by Eric Toussaint
This series of articles analyses Greece’s major debt crises by placing them in the international economic and political context, an approach that is systematically absent from the dominant narrative and very rarely present in critical analyses. (...) -
News and support from Greece
28 April 2016 - by Moisis Litsis
On the occasion of our Global Assembly, Moisis Litsis, journalist-member of the Greek Committee Against Debt and the Parliamentarian Debt Truth Committee, gives us news from Greece. Dear Comrades and Friends I would like to thank you for (...) -
The Colonial Origins of the Greek Bailout
1 April 2016 - by Jamie Martin
When news broke two weeks ago of the harsh terms of a new bailout for Greece, many questioned whether the country still qualified as a sovereign state. “Debt colony,” a term long used by Syriza and its supporters, was suddenly everywhere in the (...) -
The Evolution of the Discussion of the Greek Debt
22 March 2016 - by Eva Betavatzi
Since October 2015 when the Tsipras government decided to stop supporting the work of the Greek Debt Truth Commission initiated by Zoe Konstantopoulou, the debt issue, always present in some media, is approached with less intensity than before. (...) -
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”
Video: Cephas Lumina: “The Paris Club has no legitimacy”
17 March 2016 - by Cephas Lumina
Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...) -
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”
Video: Maria-Lucia Fattorelli: “Before anything else can be done, there must be a debt audit”
17 March 2016 - by Maria Lucia Fattorelli
Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...) -
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”
Video: Eric Toussaint: “The Greek public debt crisis is a web of lies”
17 March 2016 - by Eric Toussaint
Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...) -
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”
Video: Zoe Konstantopoulou: “The Greek Debt Truth Committee’s final report scared the creditors.”
17 March 2016 - by Zoe Konstantopoulou
Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...)
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