Audit
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Greece’s Former President of Parliament On Why Syriza Party Broke Its Pledge to the People
16 December 2015 - by Steve Rushton
“They are trying to bury us. But they forget when you bury a seed it is only going to flourish,” says the former President of the Hellenic Parliament, Zoe Konstantopoulou, who was a central figure in the Syriza party’s fight against austerity that (...) -
Debt audits challenge the power of opaque finance
14 December 2015 - by Fanny Malinen
The belief that debts have to be repaid is one the cornerstones of the austerity narrative. But we have the tools to challenge it. -
Letter to the President of the Hellenic Parliament
5 December 2015 - by Sofia Sakorafa
What follows is the English version of a letter Sofia Sakorafa (MEP) sent to the new president of the Greek Parliament, Nikos Voutsis, who has put an end to the works of the Truth Committee on the Greek public debt. As early as 2011, Sofia (...) -
Slideshow presenting the citizens’ audits process and the struggle against illegitimate public debt, in the context of EU economic governance
4 December 2015 - by Eric Toussaint
Slideshow that accompanied the lecture, by Eric Toussaint, to a training session organized by the European Trade Union Institute (training centre of the European Trade Union Confederation). This session was attended by union leaders from the (...) -
Bernie Sanders, Mr. Voutsis and the Truth Commission on Greek Public Debt
24 November 2015 - by Yorgos Mitralias
At the very moment when the new President of the Greek Parliament, Mr. Voutsis, has decided to order the dissolution of the Truth Commission on Greek Public Debt, without even bothering to explain the reason for his act, on the other side of (...) -
European Citizen’s Assembly on Debt
2 November 2015 - by Political Economy Research Centre
On the 16th of October 2015 representatives from PERC attended the European Citizen’s Assembly on Debt in Brussels. The event, organised by CADTM and Attac, brought together activists, politicians and organisations from across Europe to challenge (...) -
When Tsipras is eliminating any trace of his opponents!
25 October 2015 - by Yorgos Mitralias
So now here we are: the new Tsipras government has just resolved two of its major problems: that of the public debt and the one represented by the ex-president of the Greek Parliament Zoe Konstantopoulou. How has it managed to bring off this (...) -
Éric Toussaint comments on election results, the various debt audit initiatives in Europe and the Third Memorandum that was signed by Alexis Tsipras.
Greece : “Ignoring the result of the referendum is an aggravating circumstance.”
21 October 2015 - by Eric Toussaint, Fátima Martín
The conclusion of the last meeting of the Greek Debt Truth Committee, held from 22 to 25 September, is quite clear: the 3rd Memorandum signed by Alexis Tsipras is as illegitimate, illegal, odious and as unsustainable as the previous two. In an (...) -
Radio WIBG: Emilie Paumard: Women’s oppression and the debt work together
13 October 2015 - by Emilie Paumard, Brigitte Marti
Emilie Paumard opened the plenary session of the 4th summer University of the CADTM. She presented the debt crisis in only 12 minutes. She used cynical humor to explain how seven years ago in the North neoliberal capitalists realized that the (...) -
What if the Greek government had heeded the Truth Committee’s recommendations?
10 October 2015 - by Eric Toussaint
During a press conference held by the Truth Committee on the Greek Public Debt at the Greek Parliament on 25 September 2015, Éric Toussaint, the Committee’s scientific coordinator, provided a detailed answer to a question from a journalist who (...) -
Britain Needs a Truth Committee on Debt
7 October 2015 - by Caroline Lucas
While the debt of states is widely used as an instrument of submission to neoliberal policies, Caroline Lucas points out, reflected by the recent experience of Greece, the need to set up a truth commission on debt . Over the last few days I’ve (...) -
Illegitimacy, Illegality, Odiousness and Unsustainability of the August 2015 MoU and Loan Agreements
4 October 2015 - by Truth Committee on the Greek Public Debt
In August 2015, the Tsipras (SYRIZA/ANEL) government agreed to a new MoU and a Financial Assistance Facility Agreement [loan agreement]. The terms of the August 2015 MoU [Third MoU) and loan agreement entered into by the Tsipras government (...) -
The Third Memorandum is Unsustainable just like the previous two
1 October 2015 - by Truth Committee on the Greek Public Debt
We observe again the same assumption which underlay the two previous MoU and which has been proven wrong: a strong fiscal restraint is compatible with a recovery in growth. 1. The political economy of the third MoU The main scenario of the (...) -
Unlocking the chains of debt: speakers demand creation of parliamentary debt audit commission
28 September 2015 - by The News
Islamabad: Pakistan’s economy has been paralysed by an unpayable and largely unjust debt burden that is preventing the country from reaching its poverty goals and hindering the development of democracy, says a paper launched by Islamic Relief (...) -
MNA propose to establish ’Debt Audit Commission’
28 September 2015 - by The Frontier Post
ISLAMABAD (APP): Speakers at a conference on Wednesday proposed to establish an independent “Debt Audit Commission” for deciding legitimacy of debts acquired by successive governments. Speaking at a “Conference on Pakistan’s National Debt” (...) -
Restructuring public debts : CADTM International has debt auditing at the core of its A & B Plans
25 September 2015 - by CADTM International
On 10 September 2015, The General Assembly of the United Nations adopted, by a substantial majority (136 votes in favour, 6 against and 41 abstentions), a resolution on the nine principles to be followed in public debt restructuring. A (...) -
America Needs Its Own Truth Committee on Public Debt
21 August 2015 - by Astra Taylor
I visited a Grecian isle in July, and it wasn’t at all like the Joni Mitchell song. The debt crisis was ramping up, and the government’s habit of taking out new loans to pay back old ones—a strategy known as “extend and pretend”—meant the country (...) -
Greece : Assessment of the debt as regards illegitimacy, odiousness, illegality and unsustainability
20 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 8, Assessment of the Debts as regards illegtimacy, odiousness, illegality, and unsustainability, provides an assessment of the Greek public debt according to the definitions regarding illegitimate, odious, illegal, and unsustainable debt (...) -
Greece : The conditionnalities against sustainability
17 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 5, Conditionalities against sustainability, presents how the creditors imposed intrusive conditionalities attached to the loan agreements, which led directly to the economic unviability and unsustainability of debt. These (...) -
Debt Mechanism in Greece
11 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 4, Debt System Mechanism in Greece reveals the mechanisms devised by the agreements that were implemented since May 2010. They created a substantial amount of new debt to bilateral creditors and the European Financial Stability Fund (...) -
Eric Toussaint’s speech at the presentation of the preliminary report of the Truth Committee
11 August 2015 - by Eric Toussaint
The Committee for the Truth on the Greek public debt presented its first findings in June 2015. Éric Toussaint, who coordinates the Committee’s works, summed them up during a public session of the Greek Parliament on 17 June 2015. It was a (...) -
Greek public debt by creditors in 2015
5 August 2015 - by Truth Committee on the Greek Public Debt
Chapter 3, Greek public debt by creditor in 2015, presents the contentious nature of Greece’s current debt, delineating the loans’ key characteristics, which are further analysed in Chapter 8. The institutions that created the Troika are the (...) -
Evolution of the Greek public debt during 2010-2015
27 July 2015 - by Truth Committee on the Greek Public Debt
Chapter 2, Evolution of Greek public debt during 2010-2015, concludes that the first loan agreement of 2010, aimed primarily to rescue the Greek and other European private banks, and to allow the banks to reduce their exposure to Greek (...) -
Debt before the Troika
23 July 2015 - by Truth Committee on the Greek Public Debt
Chapter 1, Debt before the Troika, analyses the growth of the Greek public debt since the 1980s. It concludes that the increase in debt was not due to excessive public spending, which in fact remained lower than the public spending of other (...) -
The impact of the “bailout” programme on human rights
16 July 2015 - by Truth Committee on the Greek Public Debt
The Troika’s bailout programme enforced government measures that directly impacted living conditions, thereby violating human rights legally protected at the domestic, European and international levels. According to the Greek Ombudsman, “the (...)
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