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…

Share

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…

Share

Preliminary Report of the Truth Committee on Public Debt

The Truth Committee on Public Debt (Debt Truth Committee) was established on April 4, 2015, by a decision of the President of the Hellenic Parliament, Ms Zoe Konstantopoulou, who confided the Scientific Coordination of its work to Dr. Eric Toussaint and the cooperation of the Committee with the European Parliament and other Parliaments and international…

Share

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…

Share

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…

Share

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…

Share

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.…

Share

Why the Portuguese public debt is not payable

There has been “not one historical incidence” where austerity policies have led a country to get out from under a heavy debt burden.  Ashoka Mody, former IMF chief for mission to Ireland Download Why the Portuguese public debt is not payable. Download the Portuguese version Porque não é pagável a dívida pública portuguesa. Summary Conclusions 1 – The debt is…

Share

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…

Share