The World Social Forum opened in Tunis on March 24 with a big march through the streets of the capital, to finish at the Bardo Museum. The forum goes on until March 28. The CADTM, actively part of the WSF since the beginning, is present with a large delegation of more than 40 people from Belgium, France, Switzerland, DRC, Benin, Camerun, Ivory Coast, Togo, Niger, Mali, Senegal, Congo, Morocco, Haiti, Argentina, India et Pakistan. The CADTM organizes or co-organizes a dozen workshops on (...)
The World Social Forum is taking place this year in Tunis (Tunisia) from 24 to 28 March. The CADTM, which has been an active organiser since the beginning, has sent a forty strong delegation coming from nineteen different countries and four continents. Members from Belgium, France, Switzerland, Spain, DR Congo, Benin, Cameroon, Ivory Coast, Togo, Niger, Mali, Senegal, Tunisia, Burkina Faso, Congo, Morocco, Haiti, Argentina, India and Pakistan will be present. This strong presence is the (...)
Thanks to the “Swiss leaks” HSBC is back in the news. But they are not alone, other banks including UBS, have also organised large-scale tax frauds and evasion. UBS, which had to be saved from failure in October 2008 by massive injections of Swiss public money, was involved in the LIBOR manipulation scandal, the currency markets manipulation scandal (UBS is the subject of several inquiries by controlling authorities in Hong Kong, US, the UK, and in Switzerland) and the abusive sale of (...)
Help to produce the follow-up to the acclaimed “The end of poverty?” which CADTM co-edited.
As the chasm between haves and have-nots has continued to widen, we realize that now is the time to make the follow up film to THE END OF POVERTY ?.
Series : Governments submit to “Too Big to Fail” banks (part 8)
Because of the policies of the central banks and the governments, the economies of the industrialised countries have fallen into what J. M. Keynes named a ’liquidity trap’. While central banks inject liquidity into the economy and lower interest rates, the banks and big corporations prefer to keep the cash available and/or use it to speculate.
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 13)
The supposed South Korean success story has been achieved thanks to policies that run contrary to the economic model advanced by the World Bank. Far from being a virtuous accumulation of wealth through the advantages of free-market forces, the economic development of South Korea came about by “a brutal primitive accumulation achieved by the most coercive methods, in order to produce virtue by force” (J-P Peemans).
Greece after the election – not a threat but an opportunity for Europe
The political landslide in Greece is an opportunity, not only for that crisis-ridden country but also for a fundamental reassessment and revision of EU economic and social policy. We highlight once again the criticism already voiced on many occasions in the past by the trade unions: right from (...)
The IMF’s role in the Ebola outbreak
by James Pfeiffer, Julia Robinson
Decades of IMF lending to Ebola-affected countries in West Africa led countries to prioritise debt payments over investment in public services Health services have been starved of investment, including vital public health infrastructure Pressure on the IMF, including from the G20, to relax (...)
Greece needs a real cancellation of a big part of its debt
by Christina Vasilaki, Eric Toussaint
Eric Toussaint interviewed by Christina Vasilaki of SYRIZA’s radio stoKokkino Christina Vasilaki : Which is the EU Regulation that Syriza’s demand for an audit of debt could be based on? Eric Toussaint : In May 2013 the European Parliament and the European Commission adopted a Regulation (...)
The lessons that can be drawn from the failure of the Greek 2012 restructuring
by Eric Toussaint, Maud Bailly
Éric Toussaint interviewed by Maud Bailly In 2012, the Troika did a restructuring of the Greek debt: what went wrong? The context was as follows: from early 2010 Greece was subjected to speculative attacks by the financial markets that demanded excessively high interest rates for roll-over (...)
Debt: which strategies should Europe adopt?
The Bloco de Esquerda, the CADTM, Podemos and SYRIZA discussed strategies to deal with the European debt crisis at the European Parliament on January 20, 2015.
by CADTM Europe
On Tuesday, January 20, 2015, SYRIZA and Podemos, in collaboration with the CADTM and the Bloco de Esquerda, organized a session of debates and confrontation of ideas at the European Parliament to discuss different strategies for countering Europe’s debt trap. Moderated by Teresa Rodríguez, this (...)
Financialisation, foreign debt and crisis
by Ahilan Kadirgamar
Since the end of the war, Sri Lanka’s economy is being transformed through a rapid process of financialisation. Such widespread financialisation facilitated infrastructure development, a real estate boom linked to urbanisation and expansion of credit leading to increasing indebtedness of the (...)
Greece fights back
by Sushovan Dhar
With the build-up of the sovereign debt crisis in Europe, the political pundits and financial honchos, not to mention the ruling elites, preached to us about the virtues of “austerity.” Wolfgang Schäuble, the German finance minister, was audacious in preaching austerity as the sole panacea for the (...)
Household Debt, Microcredit and the Death Trap
by Sushovan Dhar
The years preceding the financial crisis was marked by incremental household debt in most of the advanced capitalist countries. William Pesek a columnist with the business media Bloomberg, warned us a few months back that Asia faces the risk of an explosion of house-hold debt. He adds “several (...)
Debt, plunder and degrowth
by Nicolas Sersiron
Here we publish the speech by Nicolas Sersiron from CADTM France, made during the regional Degrowth workshop in Budapest on January the 24-25 th. Historically, capitalism was developed by the looting of natural and human resources (territorial conquests, triangular trade, Atlantic slave trade, (...)
The Troika impose to Greece policies that are destroying social rights
by Eric Toussaint
“An audit committee of the Greek debt could show that 80% of the debt required by the troika is illegal,” said Mr. Toussaint on an interview with Christina Vasilaki, stoKokkino`s correspondent in Brussels. Éric Toussaint, Senior Lecturer at the University of Liège, is president of CADTM Belgium (...)