On the 10th and 11th of April 2003, the finance ministers of the G8 G8 Group composed of the most powerful countries of the planet: Canada, France, Germany, Italy, Japan, the UK and the USA, with Russia a full member since June 2002. Their heads of state meet annually, usually in June or July. nations assembled in Washington, where the Secretary of State of the US-Treasury, John Snow, demanded that Russia, France and Germany in particular should drop their odious debt towards Iraq. The USA made this demand not because they were interested in seeing the debt dropped, but as a political bargain, as a way of raising the stakes against countries that were opposed to the war. The idea was to find a way to convince France, Germany and Russia to change their position and thereby render legitimate the war. The idea was to make it possible for those who took military action to immediately start with the reconstruction of Iraq by using the oil revenues without having to service debt payments
is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the spokesperson of the CADTM International, and sits on the Scientific Council of ATTAC France.
He is the author of Debt System (Haymarket books, Chicago, 2019), Bankocracy (2015); The Life and Crimes of an Exemplary Man (2014); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago, 2012 (see here), etc.
See his bibliography: https://en.wikipedia.org/wiki/%C3%89ric_Toussaint
He co-authored World debt figures 2015 with Pierre Gottiniaux, Daniel Munevar and Antonio Sanabria (2015); and with Damien Millet Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, Monthly Review Books, New York, 2010. He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.
14 April, by Eric Toussaint
Series: 1944-2021, 77 years of interference from the World Bank and the IMF (Part 28)
The World Bank did not Foresee the Arab Spring Popular Uprisings and still Promotes the very same Policies that triggered them12 April, by Eric Toussaint
6 April, by Eric Toussaint
Série : Ecuador: Progress and limits of resistance to the policies of the World Bank, the IMF and other creditors
Ecuador’s poisoned loans from the World Bank and the IMF31 March, by Eric Toussaint
18 March, by Eric Toussaint
11 March, by Eric Toussaint , Sushovan Dhar
9 March, by Eric Toussaint
24 February, by Eric Toussaint , Sushovan Dhar
Version 2.0: A new debt trap from the South to the North
The external debt of Developing Countries: a Timebomb22 February, by Eric Toussaint , Milan Rivié
17 February, by CADTM , Eric Toussaint , Collective , Tariq Ali , Dianne Feeley , Miguel Urbán Crespo , Gilbert Achcar , Fatima Zahra El Beghiti , Myriam Bregman , Noam Chomsky , Fernanda Melchionna , Suzi Weissman