26 May

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The Greek audit creates precedent

The austerity measures adopted at the behest of the Troika have caused a systemic collapse of the Greek health system. This situation has prompted CADTM to demand a suspension of the debt-repayment and urgently address fundamental human needs like health. In spite of devastating impacts of such policies, which over the last five years have caused malnutrition, the creditors refuse “any break with the policy of the memorandum, default on the debt or exit from the euro.” While the rounds of negotiations between the Eurogroup continues accompanied with rumours and contradictory statements on the agreements between the two parties, the work of the Committee for the Truth on Public Debt strides towards its mandate. The committee feels that the polices imposed by the Troika has devastated the economy of Greece and has ruined the social protection mechanism of the country. The Commission intends to strengthen the government’s argument while dealing with negotiators and also to facilitate the Minister, in charge of pensions to explain the public about the above policies and its negative impact on pensioners while trying to restore the pension system.

The appeal in support of Greece and the Committee for the Truth on Public Debt published in our previous bulletin has received a great response. We count on your support for spreading this appeal which has received the support of hundreds of international personalities. Everyone can sign: individuals as well as organisations.

An audit is also taking place in Argentina. A bicameral commission on the debt has been created by the Argentine parliament. CADTM regrets the fact that in the Argentine case, the commission is limited to parliamentarians, excluding the social movements. CADTM would be glad to participate at the international conference that will take place in Buenos Aires from June 3-5, 2015. At the same time, Argentina is once again attacked by the vulture funds. Under the pressure of NML Capital, a speculative fund which is one of the 7% of Argentina’s creditors who have refused the terms of the debt restructuring offers of 2005-2010, numerous accounts of the Argentinean embassy in Brussels have been frozen following a judgement given in the United States in favour of vulture funds.

Enrolment for our fourth Summer School is open. We hope for a good attendance during the weekend of the 11, 12 and 13 sepember 2015 at La Marlagne (Namur, Belgium). There will be plenary debats on the crime of the debt and ways out of capitalism. Also, numerous workshops including the debt in the South, in the North and alternatives, ecological debt and womens' struggles.
More than three months after the victory of Syriza in parliamentary elections in Greece, creditors continue to put pressure on the government. The “institutions”, new name given to the Troika, tirelessly seek to impose on Greece the continuation of the memoranda conditions, the same that led Greece into an unprecedented humanitarian, social, economic and policy crisis. However, resistance to creditors is growing. New in the European political landscape, a debt audit commission has been created at the initiative of the President of the Greek Parliament and Éric Toussaint ensures the (...)
  • Eric Toussaint’s statement after his dialogue with Dimitris Stratoulis, Greek minister of pensions
    After a visit on Friday 15th May 2015 to the Greek Ministry of pensions and a meeting with the (...)
  • Définition of illegitimate, illegal, odious and unsustainable debts
    In order to define the odious, illegitimate, illegal and unsustainable parts of the Greek (...)
  • Draft terms of reference for the Hellenic Parliament’s Truth Committee on Public Debt
    Background Since May 2010, Greece has been implementing a macroeconomic adjustment programme as (...)
  • Athens : Press Conference Committee for the Truth on the Public Debt
    Participants: Ms. Zoe Konstantopoulou, President of the Greek Parliament and President of the (...)
  • Interview with Maria Lucia Fattorelli on the Committee for the Truth on Greek Debt
    Here is an interview with Maria Lucia Fattorelli by on the work of the Committee for (...)
  • Europe’s moment of Truth
    Tassos Koronakis, Secretary of the Central Committee of SYRIZA, calls for acts of social and (...)
  • Committee for the Truth on the Greek Debt: A successful 2nd plenary session in Athens 4 to 7 May 2015
    After a first session in April most members met again for four days in order to account for (...)
  • What can we learn from Greece?
    The contemporary Greek tragedy of high sovereign indebtedness and the ensuant “austerity” (...)
  • Zoe Kostantopoulou’s speech, Rome, April 20th 2015
    Here follows the speech given by Zoe Konstantopoulou at the Italian Parliament on April 20th (...)
  • Vulture funds
  • New anti-vulture fund legislation in Belgium: an example for Europe and rest of the world
    On Wednesday last week (6 May) all major parties represented in the Belgian federal parliament (...)
  • Nepal
  • Total and Unconditional Debt Cancellation for Nepal!
    The Asian Peoples’ Movement on Debt and Development (APMDD), its member organizations, its (...)
  • Migration
  • Migrating to uncertainty
    Jeeban Puri from Sindhupalchowk district in Nepal, while working as a driver in Damam, Saudi (...)
  • World Bank
  • The World Bank’s Long War on Peasants
    It is difficult to overstate the degree to which the IMF and World Bank’s neoliberal economic (...)
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