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…

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…

Initial reflections on the UN decision to establish a multilateral legal framework for the processes of public debt restructuring

By Jubileo Sur Americas , Lutheran World Federation , CADTM AYNA Since the imposition of the economic policies of the last dictatorship |1|, the Argentine people have continued to suffer the impacts and consequences of the debt generated in that period and its subsequent restructurings. Amidst repeated crises and via structural adjustment after another, a model…

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.…

Rolling Jubilee Student Debt Buy

Strike Debt’s Rolling Jubilee project has abolished almost $4 million in private student debt for a little over $100,000 These debts were held by students who attended Everest College, a predatory for-profit institution in the Corinthian Colleges network. You can read a sample letter received by debtors here. Details about the purchase are available here.…

DDCI says Irish budget debate must take account of international debt and tax Injustice

New global report on World Bank and IMF shows Ireland siding with creditor countries As Ireland debates its own budget options, campaign group Debt and Development Coalition Ireland (DDCI), will launch two major reports highlighting the acute financial crises facing developing countries. ‘World Bank – IMF Watch Ireland 2014’ and ‘Financial Vulnerabilities in Malawi’ will be…