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Experiences of debt audits in Europe since 2011

A video realised by Research for Action, an independent research group that hosted a roundtable about experiences of debt audits in the UK and abroad.     Ten years from the financial crisis, cuts and privatisation of public services have become the new normal. Yet public sector funds are often constrained by debt repayments that have…

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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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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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“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…

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Podemos and Debt repayment

By Sergi Cutillas, ODG. Published by ODG & eldiario.es Debt has been a colonial mechanism in many parts of the world. As such, it is a problem that affects sovereignty and should be faced with courage. Any initiative that wants to deepen democracy should establish mechanisms of sovereignty non-negotiable with institutions that do not conform to…

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Half a million citizens in Spain now have control over municipal government accounts

Over half a million people now have access to real participation in their municipality The OCMs: citizen bodies to control local governments   (subtitles in: English, French, Italian, Greek, Portuguese and German). After two years of work at the Spanish Citizen Debt Audit Platform (PACD), we are handing over our municipal tool to citizens: the…

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OCAX: an online tool to keep public budgets under people’s control

A year ago, the PACD (Spanish Citizen Debt Audit Platform) launched its campaign to fight debt and lack of transparency in the municipalities. The aim was to create citizen observatories to get the budgets under citizens’ control. An online tool has been developed in order to support this task. The tool, OCAX, is totally open source:  any group can…

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Living in a Debtocracy – exhibition

This exhibition was created by the PACD, with the support of ODG The goal of the exhibition is to reach a wide group of people with information about the process of indebtedness of the Spanish State, and its impacts on the population. Through illustrations, plain but serious explanations, charts and date, the exhibition “Living in a…

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2nd newsletter of TroikaWatch

Enjoy the 2nd newsletter of #TroikaWatch: In this newsletter you can read about: Overall situation European level Greece Ireland Portugal Cyprus Spain Italy Slovenia Who we are and why we write this newsletter Overall situation While the general outlook remains broadly unchanged, with the Troika still pushing for severe austerity and national governments continuing their…