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…

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…

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…

The CADTM calls on the members of the European Parliament to vote against the new EU loan to Tunisia and demands the immediate suspension of Tunisia’s debt repayments

26 February by CADTM international On 13 February 2014, the European Parliamentary commission on international commerce gave its go-ahead for the European Union to accord a heavily-conditioned loan of €300 million to Tunisia. The draft project adopted by the commission would hold the Tunisian government to strictly applying the austerity measures imposed by the International…

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”,…