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The Earldom of Larios Uses Debt Blackmail to Build a Golf-Course on Agricultural Land

29 April 2021 - by Eric Toussaint

Here we have a concrete example, in 2021, that plunges us into the debt system and history as it has been created through the class struggle. As I am short of time, I shall tell the story succinctly. It takes place in Nerja, a small town of (...)
Sunny side of the Alps clouding up: Slovenia in the grips of a right-wing tornado

7 April 2021 - by Ana Podvršič, Jaša Veselinovič

After less than a year since the start of the epidemic, Slovenia barely resembles a country that, for a long time, has been seen as a social-democratic outliner in the region. The outbreak of the epidemic coincided with a major political change (...)
Call for the Housing Action Day on 27 and 28 March 2021

26 March 2021 - by Collective

The Housing Action Day launched by the European Action Coalition for the right to Housing and the City will take place in 75 European cities! For more information on the mobilisations in Europe: https://housingnotprofit.org/housing-action-day/ (...)
Greece: A Lost Democracy

22 March 2021 - by Eva Betavatzi

The authoritarianism of the Greek government is increasing every day, and so is protest against it. For several weeks now, angry voices have been heard in the streets of Athens, Thessaloniki and several other cities in Greece, decrying the (...)
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 (...)