Europe
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Frying in France
18 July 2023 - by Michael Roberts
As I fry in record temperatures in the south of France, the concept of a short sunny vacation away from the vagaries of British weather has evaporated. The world endured the hottest week ever recorded between 3-10 July this year. And (...) -
European Commission proposal on new GMOs favours biopiracy over rights of farmers and citizens
6 July 2023 - by La Via Campesina
On July 5, the European Commission presented its proposal to create a new regulatory framework for certain GMOs. This proposal gives centre stage to biopiracy and the privatization of all seeds by patent-holding companies, to the detriment of (...) -
Real Peace in Ukraine Means Ending Russian Invasion and US-EU Neocolonial Debt
1 July 2023 - by Blanca Missé
CADTM is very happy to republish the article Real Peace in Ukraine Means Ending Russian Invasion and US-EU Neocolonial Debt, organised by Haymarket Books, Yuliya Yurchenko, author of Ukraine and the Empire of Capital (2018), explained the (...) -
Shipwreck in Greece: Why were half those onboard Pakistanis?
26 June 2023 - by Farooq Sulehria
At least 298 passengers who drowned in the infamous shipwreck off the Greek coast on June 14 were from Pakistan. Twenty-five came from the same village in Pakistan-administered Jammu and Kashmir. According to some reports, more than 400 people (...) -
Disgust and revulsion : double standards for human lives
22 June 2023 - by Eric Toussaint
On 15 June 2023, a ship carrying several hundred migrants sank in the terrible graveyard that the Mediterranean has become. Almost all the passengers died. Although it was possible to save them from drowning, the authorities deliberately allowed (...) -
Does the US Federal Deposit Insurance Corporation have enough resources to deal with a major banking crisis? And what about Europe?
14 June 2023 - by Eric Toussaint
Bank deposits in the US have been legally guaranteed up to a limit of USD 250,000 since 2008. The decision to enact a federal law that guarantees savers’ deposits was made in the early years of Franklin Delano Roosevelt’s administration. In 1933, (...) -
The Last Winter of Gas in Europe
31 March 2023 - by Collective
We will not sit idle while governments across the political spectrum repeatedly choose the path of collapse and continuous social and economic crises in order to save the fossil fuels industry. While hundreds of activists blockade the European (...) -
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 (...)
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