Comité pour l'abolition des dettes illégitimes

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Debt in Northern countries

Video

Catastroïka

2 June 2012 - by Katerina Kitidi, Aris Chatzistefanou

The creators of Debtocracy, a documentary with two million views broadcasted from Japan to Latin America, analyze the shifting of state assets to private hands.
Resisting with the Greeks

30 May 2012 - by CADTM Europe

In the recent elections on May 6, Greek voters sanctioned the coalition forces which had applied austerity plans and surrendered to the dictates of the Troika (the IMF, the ECB and the European Commission). New Democracy and the PASOK (...)
Create one, two, three, many Greeces!

24 May 2012 - by Sonia Mitralias

Speech in the great anti-capitalist demonstration in Frankfurt, Germany, May 19, 2012 Comrades, I come from Greece, a country destroyed and desperate, a country in ruins but still standing tall. From this Greece that resists and has shouted (...)
Zagreb-Sarajevo : Resistance in the Balkans as crisis grips the EU

18 May 2012 - by Eric Toussaint

Zagreb (Croatia) is the stage for the 5th Subversive Festival being held from 5 to 19 May 2012; this will be followed on 19 and 20 May 2012 by the first “Antifest”, set to take place in Sarajevo (Bosnia Herzegovina). Every evening in Zagreb, as (...)
Greece: Common Statement by Professors of Constitutional Law

On February 12, 2012, the Greek Parliament approved yet another austerity bill to secure a second “bailout” from the Troïka. While Greek citizens protested in the streets against this denial of their basic rights, five Greek Professors of (...)
M15: A look toward the future

13 May 2012 - by Esther Vivas

Untimely and unexpected. That’s what the emergence of this movement of collective outrage at the Spanish state was. If we had been told on M14 (May 14th, 2011) the next day thousands of people would start taking to the streets week by week and (...)
Ireland: Why to vote NO to the referendum?

11 May 2012 - by Andy Storey

"The fiscal treaty would lead to deeper cutbacks, tax increases and economic recession. The treaty stipulates that Ireland has to cut its ‘structural deficit’ to 0.5 per cent of GDP. The government says that this deficit will be 3.7 per cent in (...)
Household tax revolt the price of years of austerity

11 May 2012 - by Ruth Coppinger

OPINION: Ordinary Irish people are being offered permanent austerity while the top 300 have increased their wealth by €12 billion, writes RUTH COPPINGER For any serious commentator this isn’t simply about €100. It is Ireland’s response to four (...)
Call for an international mobilisation against public debt to pay tribute to Thomas Sankara

In our world of crisis and to resist the various attacks against the populations through the worldwide austerity policies, time has come for the world’s peoples, South and North, to respond to Thomas Sankara’s call by presenting a united front (...)
Political declaration & coordinated actions – Joint Social Conference 2012

Resisting Financial Dictatorship – Reclaiming Democracy and Social Rights !

Where we come from 1. Last year, the JSC fixed its diagnosis of the crisis. It highlighted the systemic nature of it: financial, economic, social, ecological and political. This crisis shows the failure of a development model and of two (...)
Do we need a public debt?

1 April 2012 - by Eric Toussaint, Damien Millet

The answer is yes. A State must be able to contract loans in order to improve its population’s living standards, for instance when it carries out major work of public utility and invests in renewable energies. These public loans could be used to (...)
Press Release

Anglo campaigners ’appease the ECB gods’ on week of equinox

21 March 2012 - by Anglo: Not Our Debt Campaign

On the week of the Equinox, community activists and residents from Dublin 7 and Dublin 12 have organised mock “equinox sacrifices” to “appease the ECB gods”. The campaign is calling for the Anglo “promissory note” payment of €3.1 billion, due on March (...)
For a mass movement of European solidarity with the Greek people and active resistance to austerity policies

21 March 2012 - by Yorgos Mitralias

Athens, March 13, 2012 - Why does European public opinion find the misfortunes of the Greek people so moving? And why, day by day, does this feeling grow more broad and deep and transform itself into the will to act, to do something to show (...)
Video

Debt : The Greeks and Debtocracy

18 March 2012 - by Aldous

A documentary film entitled Debtocracy – Chréokratia (Chréos is the Greek word meaning “debt”) has become wildly popular in Greece since that country has been systematically drained while in the clutches of the IMF. Here is a translation of the film (...)
Automatic Austerity. 10 things you need to know about the ’Fiscal Compact’

12 March 2012 - by Corporate Europe Observatory

On the 2nd of March 2012, 25 EU heads of state or government have signed a new treaty, and if all goes as planned, it will enter into force early next year. The so called ’Fiscal Compact’ introduces new tough measures to streamline and discpline (...)
Press Release

The CADTM condemns the disinformation campaign on the Greek debt and the rescue plan by private creditors

12 March 2012 - by CADTM

On Thursday night (8 March 2012) more than 85% of private creditors (banks, insurance companies, pension funds, etc.) agreed to take part in the restructuring of the Greek debt by cancelling EUR 107 billion. On paper it looks as though they are (...)
The Vampire Treaty and the Irish Referendum

9 March 2012 - by Andy Storey

The Irish referendum on the new fiscal treaty is not about Ireland’s membership in the eurozone. Rather, it is a vote for or against permanent austerity in Ireland. After the release of the new Fiscal Treaty, Angela Merkel said “The debt brakes (...)
Eric Toussaint: “Europe Gets Shock Therapy like Latin America in the 1980s and 1990s”

2 March 2012 - by Eric Toussaint, Carlos Bedoya

How would you define the predicament of those EU countries which, like Greece, have huge public debts? Their situation can be compared to that in Latin America during the latter 1980s. In what ways? The debt crisis in Latin America erupted (...)
France : The citizens’ debt audit - Newsletter N°2

26 February 2012 - by CAC France

The campaign for a citizens’ audit of the public debt is making headway. Following the success of the call for general mobilization, which attracted nearly 60,000 signatures, about a hundred collectives have been set up in towns and villages (...)
Greece is a smokescreen to hide the mother of all bank bailouts

22 February 2012 - by Nick Dearden

Eurozone finance ministers who sat in Brussels and decide Greece’s future last night should have attended yesterday’s well-timed University of London conference on learning lessons from Latin America. The central lesson is of urgent importance: (...)
Greece at war in 2012, as Spain was in 1936 for the people of Europe!

21 February 2012 - by Sonia Mitralias

History is moving apace and the cataclysmic events of these last few days in Greece should by now have convinced even the most reluctant among us. For the Europe of today, Greece appears to be playing the same role that Spain did for Europe in (...)
Moisis Litsis, journalist at the Greek daily newspaper, Eleftherotypia: “Greece is a laboratory for the policy of austerity”

20 February 2012 - by Moisis Litsis, Fátima Martín

Greece experienced on Tuesday, Feb. 6 another day-long general strike in the midst of negotiations of the government with the creditors and with the EU over the next bailout. Moisis Litsis, economic analyst of the Greek daily newspaper, (...)
Tragedy of Greece is a lesson to all

17 February 2012 - by Jeremy Corbyn

Greece has been under pressure since 2008, as its debt ratio broke eurozone rules. Cuts were enforced, ratings agencies downgraded the country’s status, interest rates on bonds went up, more cuts were made to pay the debts, bigger debts accrued (...)
Greek hospital now under workers’ control

Health workers in Kilkis, Greece, have occupied their local hospital and have issued a statement saying it is now fully under workers control. The general hospital of Kilkis in Greece is now under workers control. The workers at the hospital (...)
Debt Crisis in Europe: What to expect in 2012?

6 February 2012 - by Daniel Munevar

The first weeks of January have served to dispel any illusions about the ability of European governments to deal effectively with the debt crisis that is sweeping the continent. On January 13th, in an unprecedented move, the rating agency (...)