24 December 2019

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CADTM - English Newsletter English
24 December 2019

The external public debt in the global South has registered a dramatic increase in the last two decades reminding us of the pre-debt crisis situation of Third World countries in the 1980s. Milan Rivié shows how the widespread use of bond issues poses a new challenge. With more and more over-indebted countries and seventeen already in suspension of payments, new debt crisis is upon us.

After four years of brutal neoliberal policies under Mauricio Macri as President, Argentina is again facing a major debt crisis. Eric Toussaint explains the development of this crisis and how we ought to resist it. And this is not all! After the Argentine rout, the IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity. Lara Merling exposes the IMF game-plan in Ecuador. Commenting on the latest developments in Latin America, Franck Gaudichaud in an interview to Antoine Pelletier speaks out against the conservative offensive and highlights the latest developments of the class war going on on the continent.

A very interesting article by Manjima Mishra draws our attention towards the unprecedented suicide of women farmers in the Indian state of Maharashtra due to indebtedness. Amali Wedagedara informs us that there are no quick fixes for household debt crisis in Sri Lanka.

Also read articles on housing dispossession and squat evictions in Greece, illegal projects and the World Bank in Pakistan and the stock market bubble in the US and Europe.

CADTM wishes everyone a new year of hope, struggle and victory of the people!

Developing the website in four languages (French, Spanish, English and Portuguese) and the electronic bulletins in three languages ( French, English, Spanish) are a couple, among the numerous projects of CADTM. A new site set up recently and we hope likewise to provide more articles for a possible maximum number of readers around the world. The members of the CADTM international network will actively participate in the research and production of articles so that we can provide you with better information.
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