img

The new European Banking Liquidation Fund, another mechanism for transferring bank losses to the taxpayers.

The Ecofin (European Council for Economic and Financial Business) has agreed to create the fund for liquidating banks in Europe or, in other words, to insure depositors’ money, which will be called Single Resolution Mechanism (SRM). In this new pact there is, as there has been lately, a clear winner. Germany has assured itself that the…

FacebookTwitterGoogle+WordPressBlogger PostMeneameShare/Bookmark
congreso

What the Spanish Citizen Debt Audit Platform (PACD) means by “Citizen Debt Audit” and “Illegitimate Debt”

This text was written collaboratively by PACD-Barcelona after receiving proposals from different political parties on debt audits. [Versión en Español] Political Parties and Audits. This past March 12th the left-wing parliamentarian group Izquierda Plural (IU, ICV-EUIA & CHA) presented in the Congress of Deputies a non-legislative motion for “the creation of a Public Debt Audit”,…

Call to action: international support to the ILP presented by the PAH – Housing Debt [Fr]

   Video made by the PAH to explain the consequences of the evictions and the mortgage debt on people’s day-to-day life. The People’s Legislative Initiative (ILP) is the citizens’ response to Spain’s mortgage lending fraud. Endorsed by nearly a million and a half citizens, this ILP was submitted to congress by the Mortgage Holders Platform…

stop-desahucios-vi-74_1

Ski slopes of debt in Spain

Nick Dearden, Jubilee Debt Campaign UK  Last week a former businessman told me with great conviction that the Spanish people had ‘lived beyond their means’. Tonight’s meeting showed just who has lived beyond their means. Iolanda Fresnillo from the Spanish Debt Audit Platform (PACD) told us some incredible stories about her country’s Public Private Partnerships –…