5 July 2015 by Eric Toussaint
The beautiful historic victory of the No shows again that the Greek citizens refuse to accept the creditors’ blackmail. As shown in the preliminary report by the Truth Committee on Public Debt created by the Hellenic parliament, there are several legal arguments that permit a State to unilaterally suspend or repudiate its illegal, odious, and illegitimate debt.
In the Greek case, such a unilateral act may be based on the following arguments:
In such a situation, the State may be dispensed from the fulfilment of those international obligations that increase the peril, as is the case with outstanding loan contracts. Finally, states have the right to declare themselves unilaterally insolvent when the servicing of their debt is unsustainable, in which case they commit no wrongful act and hence bear no liability.
People’s dignity is worth more than illegal, illegitimate, odious and unsustainable debt.
Eric Toussaint
Scientific coordinator of the Truth Committee on Public Debt (Greece)
Vocal of the CADTM international network www.cadtm.org
See the the preliminary report written by the Truth Committee on Public Debt : http://cadtm.org/Preliminary-Report-of-the-Truth
is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the spokesperson of the CADTM International, and sits on the Scientific Council of ATTAC France.
He is the author of Greece 2015: there was an alternative. London: Resistance Books / IIRE / CADTM, 2020 , Debt System (Haymarket books, Chicago, 2019), Bankocracy (2015); The Life and Crimes of an Exemplary Man (2014); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago, 2012, etc.
See his bibliography: https://en.wikipedia.org/wiki/%C3%89ric_Toussaint
He co-authored World debt figures 2015 with Pierre Gottiniaux, Daniel Munevar and Antonio Sanabria (2015); and with Damien Millet Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, Monthly Review Books, New York, 2010. He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.
1 October 2009, by Eric Toussaint
Series: A Glance in the Rear View Mirror to Understand the Present
From Friedman and Hayek to Greenspan passing through the duo World Bank-IMF: Neo-liberal dogmas30 September 2009, by Eric Toussaint
Series: A Glance in the Rear View Mirror to Understand the Present (Part 5)
Keynesian Revolution and neo-liberal Counter-revolution15 July 2009, by Eric Toussaint
Series: A Glance in the Rear View Mirror to Understand the Present (Part 4)
The 1970s: Liberal ideology returned with a vengeance25 June 2009, by Eric Toussaint
Series: A Glance in the Rear View Mirror to Understand the Present (Part 3)
The 1930s to the 1970s: liberalism eclipsed Eric Toussaint19 June 2009, by Eric Toussaint
A Glance in the Rear View Mirror to Understand the Present (Part 2)
Neo-liberal ideology is a hard nut to crack13 June 2009, by Eric Toussaint
Series: A Glance in the Rear View Mirror to Understand the Present (Part 1)
Adam Smith is closer to Karl Marx than those showering praise on Smith today12 June 2009, by Eric Toussaint
After the European Parliament elections
Let us act to eradicate capitalism and all forms of oppression8 June 2009, by Eric Toussaint , Damien Millet
6 May 2009, by Eric Toussaint , Damien Millet
28 April 2009, by Eric Toussaint
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