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…

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…

Support for the resisting Greek people. For the people’s right to audit public debt

APPEAL TO SUPPORT THE RESISTING GREEK PEOPLE and its TRUTH COMMISSION ON PUBLIC DEBT FOR THE PEOPLES’ RIGHT TO AUDIT PUBLIC DEBT Click here GreekDebtTruthCommission.org to sign this Appeal Indicative list of 800 personalities supporting Greece   To the people of Europe and the whole world! To all the men and women who reject the…

“We are auditing Greece”

What is exactly happening with Greece, what lies behind the negotiations and how important is debt and what are the consequences for the Greek people? Last month Greece began a Debt Audit process which aims to analyse its debt on the basis of it being illegal, illegitimate, odious or unsustainable, through the Greek Debt Truth…

Greek Debt Cancellation Now!

With debt restructuring a new priority in the political agenda of both the Greek government and its creditors, it is a forthright necessity to cancel public debt, starting with the debts to the Troika which currently exceed 70% of the total. Immediate cessation of payments through the denunciation of two loan agreements, followed by cancellation…

Tides of relief: Nikos Romanos wins victory in hunger strike

Source: http://roarmag.org/2014/12/nikos-romanos-hunger-strike-victory/ After a month on hunger strike and weeks of solidarity protests, the anarchist prisoner Nikos Romanos is finally granted his demands by the government. By Foula Farmakidis, Spyros Marchetos and Christina Laskaridis Tides of relief emanated from Greece on Wednesday, when the anarchist prisoner Nikos Romanos ended his month-long hunger strike that sparked…

Transforming crisis to Krisis

Τhe #Festival4sce: A hub of networks towards the Alternative Route in Greece. By Insurgenta Iskra Crisis. Originally, the word derives from the ancient Greek verb “krinein”, meaning to judge in order to take a decision and its noun, “krisis”, meaning judgment, decision. According to Steven James Venette[1] “crisis is a process of transformation where the old…