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”,…

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#Greece: Crisis, Democracy, and the Euro

Source:  http://ilesxi.wordpress.com/2013/03/19/crisis-democracy-and-the-euro/ Τhree years after submitting to the Troika Memorandum, Greece is falling apart. GDP has contracted more than 21% according to IMF calculations, and it is expected to dive another 6% in 2013. Never in world economic history, since statistics began, was such a fall of production recorded without being preceded by a war…

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The decision by Eurogroup is nothing short of economic plundering and destruction for Cyprus. It must be rejected!

The Eurogroup’s decision to confiscate 6.75% of deposits in accounts up to 100,000 euros and 9.99% for sums over 100,000 is a decision destructive to Cyprus’ future and manifests an attack on the current situation of thousands of Cypriots. It is a decision which: •    Is harmful to small depositors •   Aims to wipe Cyprus…

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Debt and Fascism in #Greece

Post by Emma Avilés, Spanish Citizen Debt Audit Platform (PACD Bcn) Racism is directly related to the economic crisis and the situation gets worse as social cuts progress. If for capitalists, the crisis is a creative destruction, how con we describe the destruction of social services, a youth forced to unnecessarily go abroad, pension cuts, immigration…

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Beware of Europeans bearing gifts

Nick Dearden, Jubilee Debt Campaign UK President Hollande of France was in Greece earlier this week, offering friendship and much needed investment to the economy. It’s interesting to discover today what he means by ‘investment’. Essentially Hollande is trying to position French companies to take advantage of the privatisation of Greece’s water, energy and railways,…

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