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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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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…

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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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Cyprus – whose crisis?

The economic crisis in Cyprus erupted during the second cycle of the European recession of 2011 as a result of harsh austerity policies imposed since 2010 in Europe. It is a new crisis born out of a failed response to the original European crisis. These policies were (and still are) a basis for the divergence…