Debt in Northern countries
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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 (...) -
Plan B doesn’t include a reform of the EU
17 March 2016 - by Eric Toussaint, Amanda Andrades
Éric Toussaint (Namur, Belgium, 1954), PhD in Political Science from the University of Liege and Paris VIII, has spent at least 26 years analyzing and denouncing how the IMF and the World Bank use debt “to discipline a country.” First, focusing on (...) -
Eva Joly Interview
Iceland refuses its accused bankers ’Out of Court’ settlements
2 March 2016 - by Renaud Vivien, Eva Joly
On 8 December 2015, at the end of his visit to Greece, the UN Independent Expert on Debt, Juan Pablo Bohoslavsky, advised the Hellenic Government “to establish better judicial and administrative accountability for Government officials and (...) -
World Debt Figures 2015
23 February 2016 - by CADTM
The ‘debt system’ involves using public resources to pay creditors instead of meeting the basic rights and needs of people. The relationship between creditors and debtors is strongly biased in favour of the (...) -
“We Need a Plan B for Europe”: Interview with Éric Toussaint
9 February 2016 - by Eric Toussaint, Gokhan Terzioglu, Steve Knauss, Antoine Dolcerocca
Potemkin Review met with Dr. Éric Toussaint, a founding member and President of the Committee for the Abolition of Third World Debt (CADTM) - Belgium, and a global spokesperson for the movement. Author of more than a dozen books on the political (...) -
Greece falls prey to ECB diktats and blackmail
21 January 2016 - by Eric Toussaint
There follows the summary of a talk given at the European Parliament in Brussels by Eric Toussaint on 14 January 2016 on the occasion of the international meeting organized by the left-wing European Parliamentary Group GUE/NGL (European United (...) -
Human rights law beyond borders: Confronting austerity in Greece
21 January 2016 - by Margot E. Salomon
Margot Salomon has played a key role in documenting international responsibility for the human rights violations resulting from the austerity conditions imposed on Greece following the debt crisis. Dr Salomon’s research was based on her (...) -
Video: Greece falls prey to ECB diktats and blackmail
19 January 2016 - by Eric Toussaint
The following video shows a talk given at the European Parliament in Brussels by Eric Toussaint on 14 January 2016 on the occasion of the international meeting organized by the left-wing European Parliamentary Group GUE/NGL (European United (...) -
Slovenia : Drowned in debt after ten years of EU membership
16 December 2015 - by Sašo Furlan
The recently published book Public debt: Who owes whom? (in Slovenian: Javni dolg: kdo komu dolguje?), edited by Slovenian sociologists Rastko Močnik and Maja Breznik, consists of a series of analytical and critically engaged studies on the (...) -
Debt audits challenge the power of opaque finance
14 December 2015 - by Fanny Malinen
The belief that debts have to be repaid is one the cornerstones of the austerity narrative. But we have the tools to challenge it. -
IMF in Ukraine: shock therapy in times of armed conflict
11 December 2015 - by Tiago Stichelmans
Last week, the IMF announced that the disbursement of the third tranche, or portion, of the IMF programme in Ukraine was dependent on the adoption by Ukrainian authorities of the 2016 budget and a tax reform agreed as part of the IMF bailout. (...) -
UN human rights expert calls for debt relief to boost inclusive growth in Greece
9 December 2015 - by Office of the United Nations Independent Expert on the effects of foreign debt and human rights
“After five years of adjustment policies, indicators tracking economic, social and cultural rights in Greece have not improved”, said the United Nations Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, concluding a (...) -
Video: Eric Toussaint on Debt dependency of the third world countries as a mean of control over their development and resource
4 December 2015 - by Eric Toussaint
Eric Toussaint described how the debt bondage leads different countries to underdevelopment. He cited examples of the opposite policies as well: success stories of states that defied recommendations imposed by the IMF and the World Bank. After a (...) -
In Greece, the presidents, the austerity measures, and the resistance of women
9 November 2015 - by Brigitte Marti
While President Francois Hollande was visiting the Greek political elite in Athens and asking the Greek people, whom he would not meet, to make more efforts, the women of the Women’s Solidarity House. None of this is Mr. Hollande’s concern. He (...) -
History of Ukrainian Debt Dependence Formation
9 November 2015 - by Center for Social and Labour Research
In 1999 Ukrainian government debt exceed critically level of 60% of Gross Domestic Product (GDP) : $15.3 Bn. In 2002 ,Ukraine refused credits from IMF. From the end of 2004 cooperation with international finance institutions was limited by (...) -
Zoe Konstantopoulou at the European Citizens’ Assembly on debt
19 October 2015 - by Zoe Konstantopoulou
In Greece as everywhere else, debt is an instrument to subject the people to the interest of the wealthy. In the name of debt, the Troïka and the Eurogroup have forced Greece to continue to implement austerity policies. However, many movements (...) -
Radio WIBG interview: Tijana Okic
12 October 2015 - by Tijana Okić, Brigitte Marti
From the CADTM Europe Summer University: The second day offered many workshops to continue the exploration of “The debt in all its state” and moreover the resistance that is being organized around the world. In Women in and Beyond the Global we (...) -
Illegitimacy, Illegality, Odiousness and Unsustainability of the August 2015 MoU and Loan Agreements
4 October 2015 - by Truth Committee on the Greek Public Debt
In August 2015, the Tsipras (SYRIZA/ANEL) government agreed to a new MoU and a Financial Assistance Facility Agreement [loan agreement]. The terms of the August 2015 MoU [Third MoU) and loan agreement entered into by the Tsipras government (...) -
Slovenia : a step towards a citizen debt audit
22 September 2015 - by Lucien Perpette
Slovenia seceded from Yugoslavia and became independent on 25 June 1991. With two million inhabitants, it has been a member of the European Union since 1 May 2004, joining the Eurozone, then the Schengen area in 2007. On Wednesday 16 September (...) -
Campaigners call for UK government to enforce Ukraine debt deal
28 August 2015 - by Jubilee Debt Campaign
Ukraine has reached an in principal agreement with some of its bondholders to reduce the amount of debt owed by 20%, and suspend payments for four years. The deal will be voted on in mid-September. Even if a large majority agree to the deal, (...) -
Hillary Clinton will not fix student debt
21 August 2015 - by Ann Larson
Last Monday, during a campaign stop in New Hampshire, Hillary Clinton announced a plan to address the high cost of college and the eye-popping $1.2 trillion. This suggests that an even bigger wave of defaults may be on the way. We need look no (...) -
Greece : Assessment of the debt as regards illegitimacy, odiousness, illegality and unsustainability
20 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 8, Assessment of the Debts as regards illegtimacy, odiousness, illegality, and unsustainability, provides an assessment of the Greek public debt according to the definitions regarding illegitimate, odious, illegal, and unsustainable debt (...) -
Greece : The conditionnalities against sustainability
17 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 5, Conditionalities against sustainability, presents how the creditors imposed intrusive conditionalities attached to the loan agreements, which led directly to the economic unviability and unsustainability of debt. These (...) -
Debt Mechanism in Greece
11 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 4, Debt System Mechanism in Greece reveals the mechanisms devised by the agreements that were implemented since May 2010. They created a substantial amount of new debt to bilateral creditors and the European Financial Stability Fund (...) -
Greek public debt by creditors in 2015
5 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 3, Greek public debt by creditor in 2015, presents the contentious nature of Greece’s current debt, delineating the loans’ key characteristics, which are further analysed in Chapter 8. The institutions that created the Troika are the (...)
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