Europe
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Europe: caught in a trap
27 July 2022 - by Michael Roberts
The major economies are moving closer to recession, if they are not already there; and yet inflation rates continue to rise (for now). The latest surveys of business activity, called Purchasing Managers Indexes (PMIs), show that both the Euro (...) -
Call
Why Eurozone countries’ debt to the ECB must be cancelled
7 December 2021 - by Eric Toussaint, Sonia Mitralias, CADTM Europe, Paul Murphy, Miguel Urbán Crespo, Andrej Hunko, Cristina Quintavalla, Manon Aubry, Leïla Chaibi
Since the beginning of the coronavirus pandemic public debt in the eurozone has increased by an average of 20%. The reason for such an increase is straightforward: instead of finding the necessary new resources by taxing the wealthiest 1% and (...) -
Report on Europe for the World Assembly of the CADTM international network Dakar from 13 to 16 November 2021
18 November 2021 - by CADTM Europe
Synthesis of answers received from 10 countries: Italy, Serbia, Bosnia-Herzegovina, Slovenia, Croatia, Montenegro, France, Spain, Belgium, Portugal 1. What is the current social, economic and political situation? On the whole the situation (...) -
Moderna’s free ride
29 October 2021 - by Vincent Kiezebrink
A leaked contract between Moderna and the European Commission indicates that the company’s vaccine profits will end up in some of the world’s worst tax havens. The contract signed with Moderna shows that it intends to receive payment for its EU (...) -
Moderna’s free ride
7 October 2021 - by Vincent Kiezebrink
A leaked contract between Moderna and the European Commission indicates that the company’s vaccine profits will end up in some of the world’s worst tax havens. The contract signed with Moderna shows that it intends to receive payment for its EU (...) -
[Video] Should debts held by the ECB be cancelled?
24 September 2021 - by Eric Toussaint, Renaud Lambert, Aline Fares, Benjamin Lemoine
CADTM Summer University 2021: Global Crisis, Debt Cancellation for Social Justice! Thursday 23 September, 6.30-8.30 p.m. – Should debts held by the ECB be cancelled? With Renaud Lambert (Le Monde Diplomatique), Benjamin Lemoine (researcher (...) -
Paradigm shifts
28 July 2021 - by Susan Watkins
Emerging from year zero of the pandemic, the us and eu have adopted recovery programmes widely acclaimed as historic turning points. The Next Generation eu programme (ngeu) offers €750 billion to help member states towards a greener, more (...) -
The debt of integration: Montenegro’s Chinese loan and the traps of Europe
12 July 2021 - by Tijana Okić
The Balkans debt crisis continues to ravage the economies of the region, with Montenegro vainly turning to the EU for a bailout on multi-billion euro debts to Chinese contractors (Exim bank of China) on what is essentially part of the EU-imposed (...) -
Call for the Suspension of the EU – Colombia Free Trade Agreement
18 June 2021 - by Group of signatories
Brussels, June 14, 2021 Ms. Ursula von der Leyen President of the European Commission Mr. Josep Borrell High Representative of the Union for Foreign Affairs and Security Policy Vice President of the European Commission Mr. Valdis (...) -
How Private and Public Debt Crises Exacerbate Housing Problems in the EU
9 June 2021 - by Eric Toussaint, Eva Betavatzi
Abstract The increase in mortgage lending in European countries since the 1990s’ is symptomatic of a political determination to push households into buying rather than renting on the housing market. Banks benefit from this as it allows them not (...) -
“Exceptional circumstances can help indebted States”
14 January 2021 - by Eric Toussaint
A judgment by the Court of Justice of the European Union states that a State is entitled to impose losses on its creditors. This is a most significant decision. Several States facing a radical change of circumstances because of the impact of (...) -
The strategic debates of the European left - from Recommons Europe to the pandemic
8 January 2021 - by Catherine Samary, Srećko Pulig
On 13 December as part of the “Subversive Festival” in Zagreb, two European zoom-panels were organised presenting the two texts translated into Croatian produced by the network Recommons Europe (see (...) -
Deep and comprehensive dependency: How a trade agreement with the EU could devastate the Tunisian economy
9 December 2020 - by Hamza Hamouchene, Layla Riahi
Tunisia has undergone radical changes in the past decade, and faces more in the years to come, if the EU has its way. As the first country to topple its dictator in early 2011, it set off a chain of revolutions across North Africa and West Asia (...) -
Report on the International Situation and the activities of CADTM International since May 2020
1 December 2020 - by Eric Toussaint, CADTM International, Jean Nanga, Christine Vanden Daelen, Sushovan Dhar, Maria Elena Saludas, Omar Aziki, Rémi Vilain
This report was presented by Éric Toussaint at the biannual meetings of CADTM Belgium on Tuesday 17 November 2020. The text was completed in the annexes by an addendum on the action of the coordination of feminist struggles written by Christine (...) -
The crisis triggered by the pandemic and the economic policy of the European Union
19 November 2020 - by Daniel Albarracín
This chapter will address the pandemic crisis at the level of political economy and, in particular, the fundamental decisions that the European Union is adopting, whose measures will take precise form once its particular institutional procedure (...) -
Covid 2021: more calamity ahead?
16 November 2020 - by Michael Roberts
The news that a COVID-19 vaccine could well be available by the start of 2021 sent the stock markets of the world shooting up to new record levels. However, the rally was quickly tempered by the rocketing rise in COVID-19 infections as the (...) -
Europe and the Pandemic
9 November 2020 - by Eric Toussaint, Manoel Barbeitos
Éric Toussant interviewed by Manoel Barbeitos for Tempos dixital. For example since the first semester 2019, industrial production had fallen in several key economies, with a reduction of production in Germany and in several industrial branches (...) -
Putting an end to the EU’s neo-colonial policies in the field of trade and investment: Economic pressures from above, social reaction from below
22 September 2020 - by Patrick Bond
Summary: The European Union and Africa have had exceptionally conflictual relations even after slavery and colonialism ended. Still today, African-European civil society relationships from below are often arrayed against a nexus of state and (...) -
Fighting the actors of financialization and prohibiting profit on illegitimate private and public debt
22 September 2020 - by CADTM, Collective, Virginie de Romanet, Renaud Vivien, PAH , Antonio Gambini , ACiDe, Vicente Losada, Eva Betavatzi, Gilles Grégoire, Spanish Platform against vulture funds , Mats Lucia Bayer, Walter Actis, Ángel del Castillo, Mari Ángeles Bueno, Roberto Moreno, Miguel Vázquez, Pedro Martin Heras
In January 2020, the “Package of common demands on debt and the need for citizens’ control of finance at the european level”, coordinated by CADTM, was published. This document was written collectively by activists of nearly fifteen collectives and (...) -
Let us act now - European meet
17 September 2020 - by ReCommons Europe
Let us act now - Internationalist Alternatives to EU Policies (in times of coronavirus), is a European meet organised by the Committee for the Abolition of Illegitimate Debt (CADTM) that will take place on September 22 and 23 in Brussels, with (...) -
Trade unions need new strategies
16 September 2020 - by Asbjørn Wahl
With employers on a decades-long offensive against labour, the balance of power which once secured social dialogue has been transformed. Trade unions are on the defensive all over the world, under immense pressure from strong economic and (...) -
ReCommons Europe
Impact of European policies on the Global South and possible alternatives
8 September 2020 - by ReCommons Europe
The year 2020 was marked by two events that revealed, once again, the limits of the capitalist system. First, the CoViD-19 pandemic caused by the new coronavirus SARS-CoV-2, responsible for the deaths of several hundred thousand people and (...) -
In the face of the past crimes of the European colonial powers and European neo-colonialism, reparations are needed
29 July 2020 - by ReCommons Europe
Phase 2 of the ReCommonsEurope project: “The impact of European financial policies and development cooperation strategies on the South and possible alternatives”. Thanks to the Black Lives Matter mobilizations that have been taking place in 2020 (...) -
The pandemic has exposed the nakedness of European neoliberalism
27 July 2020 - by Eric Toussaint, Miguel Urbán Crespo
Miguel Urban is a member of the European Parliament elected from the Spanish state and a member of Anticapitalistas. He was interviewed by Eric Toussaint. What is the objective of the Covid Tax initiative at the European level and at the level (...) -
The struggle against authoritarian liberalism is more urgent than ever. Epidemic and the far right on the European periphery
13 July 2020 - by Ana Podvršič, Jaša Veselinovič
Preliminary note: The article was written at the end of May 2020. Since then, the protests further intensified and the social initiatives, mentioned at the end of this article, succeeded in equipping the protests with better articulated and more (...)
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