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Debt & Democracy in Newham: A Citizen audit of LOBO loans

By Research For Action   A dramatic withdrawal of central government funding in the last decade has exposed the crisis in local government. Austerity measures are forcing closures of youth centres and libraries, reducing bin collection and increasing council tax; the cuts are also forcing homeless people onto the streets and into crammed, sub-standard temporary accommodation…

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Second ICAN newsletter

CADTM -Pakistan/ Institute for Social & Economic Justice (ISEJ),  web: www.isej.org.pk / www.cadtm.pakistan.og  Email: cadtm.pakistan@gmail.com The Pakistani economists and debt justice campaigners in the country have been warning that the country is heading towards a serious debt problem that will destabilise the economy. But the ruling elite and govt. financial managers least bothered to take…

(CC - Flickr - Lily Rhoads)

First ICAN newsletter

Here some updates on the work of differents citizen audit groups around Europe. We hope you find this interesting and inspiring for other citizen groups.  ACiDe (Belgium): Plateforme d’audit citoyen de la dette publique en Belgique Website: http://www.auditcitoyen.be/lacide/ National Facebook: https://www.facebook.com/EtSiOnArretaitDePayer/ As a collective (ACiDe), we take into account the fact that debt is not a…

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Workshops on citizen debt audits at the Madrid conference “For a Plan B for Europe”

By Jérémie Cravatte – On the second day of the Plan B conference in Madrid, the hundreds of participants spread themselves among the various proposed workshops. This report is about the two workshops on the debt issue, organized by PACD (Citizens’ Debt Audit Platform, Spain) and ICAN (International Citizens’ Debt Audit Network). The first workshop |1|…

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Debt audits challenge the power of opaque finance

by Fanny Malinen, published originally on OpenDemocracy The belief that debts have to be repaid is one the cornerstones of the austerity narrative. But we have the tools to challenge it. “Financial capitalism is photophobic; it doesn’t like the light and thrives on opacity”, says Gerardo Pisarello. He is deputy Mayor of Barcelona, where the…

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European Conference on debt in Brussels

16 October Brussels, Belgium European Citizens’ Assembly on debt Auditoire Dom Helder Camara, Rue Plétinckx, 19  (Siège CSC), 9h30-17h30 Facebook event: https://www.facebook.com/events/855… In the name of debt, the Troika and the Eurogroup have forced Greece to continue to implement austerity policies. The July 13th “agreement” blatantly demonstrated how the debt is a gun held by creditors and…

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Greek debt crises: The European Stability Mechanism money started flowing – to creditors, not to Greece

Greek debt crises: The European Stability Mechanism money started flowing – to creditors, not to Greece 8 September by Bodo Ellmers The Greek bailout saga entered a new round as the first tranches of the new loan package were disbursed. The €86 billion programme will be funded by the European Stability Mechanism (ESM). The International…