Committee for the Abolition of Illegitimate Debt

CADTM Activities at G20 G20 The Group of Twenty (G20 or G-20) is a group made up of nineteen countries and the European Union whose ministers, central-bank directors and heads of state meet regularly. It was created in 1999 after the series of financial crises in the 1990s. Its aim is to encourage international consultation on the principle of broadening dialogue in keeping with the growing economic importance of a certain number of countries. Its members are Argentina, Australia, Brazil, Canada, China, France, Germany, Italy, India, Indonesia, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, USA, UK and the European Union (represented by the presidents of the Council and of the European Central Bank). counter summit

 Wedensday November 2^nd

 9.30-12am

Citizen debt audit : YES it is urgent !
Proposed by : CADTM Europe - ATTAC Europe – Jubilee UK - EN FR ES
Speakers : Eric Toussaint (CADTM Belgium), Jonathan Stevenson (Jubilee UK)., Representatives of the French Comittee for Debt Audit : Annick Coupé (Solidaires), CGT, Daniel Rallet (FSU), Frédéric Lemaire (ATTAC France),

Schools, hospitals, emergency accomodation...Pensions, unemployement benefit, culture, environment... we all live daily the restriction of public expenses and it will get worse. We are told from morning to night that we have no choice, we must reassure the creditors, to save France’triple A that the State spended too much, and that now we have to refund public debt". But where does this debt come from? Did we decide it? Was it contracted in the general interest Interest An amount paid in remuneration of an investment or received by a lender. Interest is calculated on the amount of the capital invested or borrowed, the duration of the operation and the rate that has been set. or to benefit already privileged minorities? Who hold bonds and benefit from the austerity? Can we levy its burden otherwise than by impovershing the populations?

 4.30-7pm

How to suspend the paiement of public debt and repudiate legaly the illegitimate part.
Proposed by CADTM Europe – Jubilee UK - EN FR ES
Speakers : Claude Quémar (CADTM France) and Myriam Bourgy (CADTM Belgium).

International public law provide gouvernements with will solid arguments to get out of debt’s trap and antisocial policies inspired by neoliberalism

 Thursday November 3^rd

 4h45-7h15pm

Experiences from the South to fight against illegitimate debt : with cases from Tunisia, Ecuador, Argentina, etc...
Proposed by CADTM International – Jubilee UK - EN FR ES
Speakers : Eric Toussaint (CADTM Belgium – former member of the audit commission in Ecuador), Hugo Arias (Latindadd – Ecuador - former member of the audit commission in Ecuador), Azza Chamkhi (RAID/ATTAC/CADTM Tunisia).