North
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Russia: Origin and consequences of the debt repudiation of February 10, 1918
15 February 2021 - by Eric Toussaint
In February 1918, the repudiation of the debt by the Soviet government shocked international finance and sparked off unanimous condemnation by the governments of the great powers. This decision of repudiation was intrinsic to this first big (...) -
“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 (...) -
Regrets, Apologies and Repair for Belgium’s Colonial Harms
3 December 2020 - by Valerie Arnould
Former colonial countries appear increasingly willing to engage in processes akin to transitional justice in order to confront the legacies of their colonial past. In this blog post, Valerie Arnould discusses recent initiatives in Belgium meant (...) -
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 (...) -
El pueblo estadounidense depone a Trump
10 de noviembre de 2020 - por Dan La Botz
En la elección más importante desde hace varias décadas en EE UU, el pueblo estadounidense votó el 3 de noviembre a favor de deponer de la presidencia al Republicano autoritario Donald Trump, pues la mayoría dio su voto al Demócrata Joseph Biden. (...) -
The American People Turn Trump Out of Office
10 November 2020 - by Dan La Botz
In the most important American election in decades, the American people voted on November 3 to remove the authoritarian Republican Donald Trump from the presidency, a majority voting instead for Democrat Joseph Biden. While the electorate was (...) -
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 (...) -
The US economy – some facts
4 November 2020 - by Michael Roberts
As we await the result of the US presidential election, here are some facts about the US economy within a world context. Share of world GDP In 1980, it looked like this: The US had more than twice of the share of global GDP than Japan, and (...) -
Liège Revolution: 1789-1794
26 October 2020 - by Eric Toussaint
In the wake of the French Revolution that broke out on 14 July 1789, the Liège Revolution began on 18 August of the same year. The people of Paris seized the Bastille on 14 July and the people of Liège took the Town Hall and the Citadel on 18 (...) -
Golden Dawn Τrial: They are not innocent!
29 September 2020 - by Collective
The public prosecutor in the trial of Golden Dawn, Adamantia Oikonomou, has provocatively asked for all members of the neo-Nazi party to be acquitted of any involvement in the murder of Pavlos Fyssas by a self-professed party member. She argues (...) -
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 (...) -
Puerto Rico Faces Crises: Covid, Hurricanes, Earthquakes, Drought
20 July 2020 - by Dan La Botz
The United States has suffered 135,000 deaths from COVID-19 and has tens of millions of unemployed and both crises continue now into the fifth month, but nowhere has the economic crisis been greater than in the U.S. colony of Puerto Rico. (...) -
United States of America: Socialism for Big Capital and wild capitalism for the poor
10 July 2020 - by Eric Toussaint
While the US has been set ablaze since the end of May 2020 by a multitude of major antiracist demonstrations [1] and the ordinary working people of the world’s top power remain hard hit by the Covid-19 pandemic (as of 9 July 2020, in the United (...) -
Reply to the letter by Philippe, King of the Belgians, about Belgium’s responsibility in the exploitation of the Congolese people
8 July 2020 - by Eric Toussaint
On 30 June 2020, on the occasion of the 60th anniversary of the former Belgian Congo’s independence, the news went viral over the planet: Philippe, King of the Belgians, had conveyed regrets for the colonial past, and particularly for the time (...) -
Deficits, debt and deflation after the pandemic
6 July 2020 - by Michael Roberts
The Great Lockdown enforced by the COVID-19 pandemic has driven governments across the globe to apply extensive bailout and fiscal stimulus programmes. On average, these measures of wage supplements, furlough payments, loans and grants to (...) -
The DiEM25 Plan to Confront the Covid-19 Crisis in Europe
27 May 2020 - by Eric Toussaint, Olivier Bonfond, Eva Betavatzi
Strengthen the European Union and its institutions, include the ECB; increase public debt as much as possible in order to save the private sector; not question the legitimacy of public debt; pay €2,000 into the bank account of each European (...) -
A book that reads almost like a thriller
11 May 2020 - by Philippe Poutou
Originally published in French and in Greek in March 2020 under the title Capitulation entre Adultes https://www.cadtm.org/Capitulation-entre-adultes-Grece-2015-une-alternative-etait-possible, the book will be available in English before the end (...) -
The Greek tragedy: Act Three
27 April 2020 - by Michael Roberts
On Thursday night, EU leaders again failed to agree on how to provide proper fiscal support for hard-hit member states to cope with the health costs of the coronavirus pandemic and collapse of their economies from the lockdowns. The EU leaders (...) -
For Immediate Release
We Won’t Pay for Their Crises Anymore!
15 April 2020 - by CADTM Europe
In the midst of the Coronavirus crisis, Mario Draghi stated in the pages of the Financial Times that “whatever it takes” must be done to guarantee the future of the Eurozone. He was reaffirming a principle that has been applied by European (...) -
“If Julian Assange is extradited, it’s the end of the rule of law in the West” Eva Joly (Interview)
14 April 2020 - by Jérôme Duval, Eva Joly
Last March, one of our journalists had the opportunity to speak with Eva Joly, a lawyer and former Member of Parliament, about the details of the Assange case, as she herself knows the main protagonist personally. The subjects of their exchange (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 8)
Why the 1953 cancellation of German debt won’t be reproduced for Greece and Developing Countries
27 March 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
When the Bernie Sander’s mass movement becomes the establishment’s “worst nightmare”
17 February 2020 - by Yorgos Mitralias
Now that the most sceptical and doubting are finally beginning to realise that Bernie Sanders is a real contender for the US Presidency, it is time to take a closer look at the reasons why his candidature is so unprecedented, historical and (...)
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