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Oil companies force Ecuador to take another step forward in Audits
by
Mike Krolikowski,
Stéphanie Jacquemont
23 March 2013
President Raphael Correa of Ecuador has decided that the arrogance of Chevron and Occidental Petroleum has gone far enough. These two North American oil companies are pursuing the Ecuadorian government by all the means possible in order to achieve international court rulings that sovereign decisions, unfavorable to their interests, be judged illegal and subject to compensation. In reaction Raphael Correa is planning to take a leaf out of his own book by applying the previous debt audit (...)
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ICAN Meeting in Thessaloniki
Life and Debt in Thessaloniki
by
Nick Dearden
19 February 2013
We met three people today who summed up the depth of the crisis being experienced by Greek people, but also the courageous attempts to build a new, more democratic society. I had to pinch myself to remember I was in Europe, the stories are so familiar – but from Latin America. First a representative of Woman Against the Debt, a network started 18 months ago to support woman experiencing the worst aspects of the crisis. Women are often the first to lose their jobs, and often have to care for (...)
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ICAN Meeting in Thessaloniki
Ski slopes of debt in Spain
by
Nick Dearden
19 February 2013
Last week a former businessman told me with great conviction that the Spanish people had ‘lived beyond their means’. Tonight’s meeting showed just who has lived beyond their means. Iolanda Fresnillo from the Spanish Debt Platform told us some incredible stories about her country’s Public Private Partnerships – the most useless projects imaginable which the state has ended up underwriting. My favourite example was the airport where a plane has never landed or taken off, because airlines can’t (...)
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ICAN Meeting in Thessaloniki
It couldn’t happen in Ecuador
by
Nick Dearden
19 February 2013
Groups like Jubilee which have worked on ‘Third World Debt’ have campaigned against illegitimate debt for many years. Debt resulting from the sales of weapons to some of the late twentieth century’s most horrific regimes; from vanity projects built by dictators; and debt payments which impoverish millions of people all represent clear examples of debts which are illegitimate. But, we’re often asked, how do these types of debts possibly relate to the people of Europe today? Last night we had a (...)
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ICAN Meeting in Thessaloniki
Bailing out the Oligarchs
by
Nick Dearden
19 February 2013
We are on a fact-finding mission to Greece with people from Spain, Italy, Belgium, Cyprus, Macedonia, Ireland, Portugal and Germany. We want to examine the depth of the debt crisis on the people of Greece and to learn more about the means people are using to rebuild their communities and resist the severe austerity measures which are ripping apart the social fabric of this country. We are also meeting as the International Citizens debt Audit Network (ICAN) which brings together debt (...)
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Action week: Bail out people not the banks!
by
CADTM
24 November 2012
Everywhere in Europe, debt repayment is used by governments as a pretext to impose the biggest social regression since World War II. Everywhere citizens' rights and hard-won social benefits are jeopardized.
CADTM suggests alternatives to this unfair and deadly logic. Some have been concretely experimented in Southern countries and are worth being examined, others are being explored and need strengthening, others yet have to be invented. All will require our common endeavour.
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The CADTM is pleased at the prospect of collaboration between Tunisia and Ecuador to audit Tunisia’s debt
by
CADTM international
23 October 2012
The CADTM is pleased at the prospect of collaboration between Tunisia and Ecuador to audit Tunisia’s debt. At the request of the President of Tunisia, Ecuador’s President, Rafael Correa, has just announced that he will be sending a team of economists to Tunisia to provide advice and share his country’s experience with debt auditing. The assistance comes after a member of Tunisia’s National Constituent Assembly introduced a bill to set up a debt audit commission. The CADTM, which participated (...)
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"A week of fighting for freedom from debt"
7 October 2012
The Global Week of Action against Debt and IFIs; a global mobilization that is gaining strength in Spain. From October 8th to 15th, the Global Week of Action against Debt will be celebrated worldwide. The Citizen Debt Audit Platform (PACD) has joined this initiative and is planning numerous actions and activities in various cities in Spain to denounce the illegitimacy of debt and social cuts. October 4th, 2012 - The Citizen Debt Audit Platform (PACD - www.auditoriaciudadana.net/en) joins (...)
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The Popular Campaign to Drop Egypt’s Debt Call to European national MPs and MEPs: To demand from the Egyptian government an audit of Egypt’s debts to EU countries through an independent committee
6 June 2012
Preamble The end of the Mubarak dictatorship left Egypt with a heavy legacy of failed economic policies and a misshaped sovereign debt management with projects not necessarily benefiting the vast majority of the Egyptian population. Today, Egypt bears the burden of a public external debt amounting to $35 billion consuming - together with public internal debt - 2/5th of the national budget. In 2011, debt service amounted to more than government expenditure on health, education and housing (...)
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In solidarity with the Greek people, against illegitimate debts and austerity measures, let us mobilize!
For joint actions for large Euro-Mediterranean’s mobilizations in autumn 2012!
4 June 2012
The response to the financial and economic crisis is the same everywhere: cuts in expenditure and austerity measures under the pretext of reducing deficits and the repayment of a public debt which is the direct outcome of 20 years of neoliberal policies. Governments in the service of finance and big European capital are actually using this pretext to further reduce social spending, lower wages and pensions, privatize health care, dismantle social benefits and deregulate labour laws, (...)