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…

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…

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…

Decentralized actions Blockupy central banks !

Around the (successful) mobilization of Blockupy in Frankfurt, several decentralized actions took place in central national banks (that are part of ECB) –> Italy Autonomous activists from north-east social centers close with barricades the Venetian headquarters of the Bank of Italy. Video: https://www.youtube.com/watch?v=DC6-QFhzRsg France Gatherings in front of “Banque de France” have been organized by…

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…

Global week of action against the Debt and International Financial Institutions (IFI), 8-15 October 2014

Argentina has fallen prey to a bunch of hedge funds known as ‘vulture funds’. Taking advantage of the precarious financial situations of some States, these vulture funds buy debts at a discounted price on a secondary market and then sue the debtors for the initial amount to which they add interests, penalties, and legal expenses.…

Stop Debt Vultures: Implications of the Vulture Attack on Argentina 

DDCI has released analysis in response to the extraordinary legal case of vulture funds attacking Argentina for over US$ 1 billion and has called for an end to vulture fund predatory behaviour. The implications of the vulture fund case against the Government of Argentina, being heard in New York, was wide-ranging implications for the hopes for debt…