23 September

Online

Should debts held by the ECB be cancelled?

Thursday 23 September, 6.30-8.30 p.m. – Should debts held by the ECB ECB
European Central Bank
The European Central Bank is a European institution based in Frankfurt, founded in 1998, to which the countries of the Eurozone have transferred their monetary powers. Its official role is to ensure price stability by combating inflation within that Zone. Its three decision-making organs (the Executive Board, the Governing Council and the General Council) are composed of governors of the central banks of the member states and/or recognized specialists. According to its statutes, it is politically ‘independent’ but it is directly influenced by the world of finance.

https://www.ecb.europa.eu/ecb/html/index.en.html
be cancelled?

With Renaud Lambert (Monde Diplomatique), Benjamin Lemoine (researcher with the CNRS and author of L’ordre de la dette. Enquête sur les infortunes de l’État et la prospérité des marchés), Éric Toussaint (spokesperson for CADTM International), and Aline Farès (author of Chroniques d’une ex-banquière).

In February 2021, the question of what to do with the €2,500 billion of sovereign debt Sovereign debt Government debts or debts guaranteed by the government. held by the European Central Bank Central Bank The establishment which in a given State is in charge of issuing bank notes and controlling the volume of currency and credit. In France, it is the Banque de France which assumes this role under the auspices of the European Central Bank (see ECB) while in the UK it is the Bank of England.

ECB : http://www.bankofengland.co.uk/Pages/home.aspx
was all over the media. On 5 February, 150 economists from 13 European countries published an op-ed calling for the cancellation of those debts. Three weeks later, in another op-ed, 80 economists called for another solution. Meanwhile, as expected, the president of the ECB Christine Lagarde stated that cancelling this debt ran against the EU treaties and could not therefore be considered. So, for or against? Would it be a mere temporary relief or a real political lever?

To connect, simply click on the link below during the conference: https://us06web.zoom.us/j/83635602022

The conference will take place via Zoom, and will have simultaneous interpretation in French, English and Spanish. To use the interpretation, you should download the ZOOM application. Once installed, open the ZOOM application and log in. Then click on the globe at the bottom of your Zoom window and select the language of your choice.

Times are CET (Brussels, Paris…). To find out times in other zones, check here ici

Translation(s)

Coming up

CADTM

COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT

8 rue Jonfosse
4000 - Liège- Belgique

00324 226 62 85
info@cadtm.org

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