Haiti : 10 years of occupation - Enough ! Withdraw troops NOW and end the MINUSTAH !
Call to mobilize June 1 – October 15, 2014
The Festival4sce takes place 10th-12th October in Athens. This time round, we want to share it with Europe!
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. Vulture funds, which are usually based in tax havens, can thus make huge benefits to the detriment of populations, as in the case of NML and Aurelius, have just won (...)
Call for building together a transnational space of initiative for a Europe from below, through, against and beyond current Europe We, as Blockupy international coordinating group, met in Berlin on June 21st, to discuss the outcomes of the May of Solidarity and the future perspectives. During the days of mobilization actions were various and rich, and we valued positively that many have been organized from outside the May of Solidarity process. We also agreed that, though the Blockupy (...)
How to resist vulture funds and financial imperialism?
by Eric Toussaint
Speech delivered at the International Seminar on "Alternatives to financial imperialism and vulture funds" held in Caracas (Venezuela), on 12th August 2014 Panel moderator: Dr. Eric Toussaint has come from Belgium to be with us today. Born in Namur (Belgium) in 1954, with a PhD in Political (...)
Initial reflections on the UN decision to establish a multilateral legal framework for the processes of public debt restructuring
por CADTM AYNA, Jubileo Sur Americas, Lutheran World Federation
1ro de octubre
Since the imposition of the economic policies of the last dictatorship, 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 (...)
Global week of action against the debt and International Financial Institutions (IFI), 8-15 October 2014
by CADTM international
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 (...)
Six years later...
by Sushovan Dhar
We vividly remember how the collapse of Lehman Brothers almost destroyed the world financial system There was neither remembrance nor anamnesis of that horrible day which shook the financial world and brought it to its knees six years ago. On September 15, 2008, the world witnessed the collapse (...)
Quantitative Easing Or Business Easing In Europe?
by Ronald Janssen
A political “consensus” is at this moment being forged in the Euro Area around a policy mix where the ECB would go for some form of, yet undefined, quantitative easing and this in exchange for radical structural reforms. To push this view through, it seems as if anything is allowed. A rather (...)
Series: Governments submit to “Too Big to Fail” banks (part 4)
United-States : the Fed Bails Out Wall Street
by Eric Toussaint
Since 2008, the Fed has granted unlimited credit to banks at an official rate of 0.25%. In fact, as the General Accounting Office (GAO) has revealed, the Fed has lent close to $16 trillion at an interest rate below 0.25%. |1| The report shows it has not followed its own prudential rules and (...)
G20 finance ministers cannot hide failure to tackle major issues
by Jesse Griffiths
The communiqué from this weekend’s G20 finance ministers’ meeting in Cairns tried to paper over increasingly evident cracks in the global economy, trumpeted an OECD initiative to reduce tax dodging which is not as good as it seems, continued to focus on privately funded infrastructure, and (...)
Series : Bretton Woods, the World Bank and the IMF : 70th anniversary (Part 8)
World Bank and IMF support to dictatorships
by Eric Toussaint
After the Second World War, in a growing number of Third World countries, policies diverged from those of the former colonial powers. This trend encountered firm opposition from the governments of the major industrialised capitalist countries whose influence held sway with the World Bank (WB) (...)
To the Bankers, He’s “Super Mario 2.0” Draghi
by Eric Toussaint
The ECB announced on Thursday 4 September, 2014 that it would maintain and extend the measures adopted at the meeting of 5 June, 2014. This is being done at a time when it is clear that the policies the central bank has been applying since the start of the crisis have failed |1|. Italy is in (...)
Solidarity and support with 595 cleaning workers of Ministry of Finance of Greece.
by The European Network of Alternative and Base Unions
The European Network of Alternative and Base Unions expresses its support and solidarity with 595 cleaning workers of the Greek Finance Ministry who were dismissed on September 17 2013 to put the cleaning service in the hands of private subcontractors. It’s been 11 months since they started their (...)