Comité pour l'abolition des dettes illégitimes

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Audit

AUDIT: an essential tool to show the origins and causes of the current “debt” crises in the United States and Europe

5 December 2011 - by Maria Lucia Fattorelli

1. The origins and the essence of the current financial crisis The recent debt crisis in the United States of America, as well as some new findings about the current economic problems in European countries, have revealed how the instrument of (...)
Interview of Andy Storey (Action from Ireland – AFRI) by Virginie de Romanet (CADTM)

22 November 2011 - by Virginie de Romanet, Andy Storey

Virginie de Romanet (VDR): I have recently read the report on irish debt audit since the 2008 crisis and banks rescue –report which I found quite technical - and I was surprised to see nothing there on illegitimacy. Andy Storey (AS): That was (...)
No to the 50% haircut, no to the new Occupation. Cessation of payments and debt audit!

3 November 2011 - by Greek group for the audit of public debt

In the early hours of the 27th October, the Eurozone leaders reached a decision marking the tightening of the public debt’s grip over the Greek people. The proposed haircut of the public debt held by the private sector will not resolve Greece’s (...)
An Audit of Irish Debt

Summary This is an audit of Irish sovereign debt, and as such seeks to quantify and explain the debts, both real and contingent, for which the Irish people have become responsible. As such, our main focus is bonds issued directly by the Irish (...)
What is a debt audit and how might it work in Egypt

29 August 2011 - by Nick Dearden

This paper is short explanation of what a debt audit is, where the idea comes from and how it might work in Egypt. For a full manual describing the process of organising an audit, read Let’s Launch an Enquiry into the Debt!: A Manual on how to (...)
Lies and truths on greek public debt lead to the urgency of audit

17 July 2011 - by Maria Lucia Fattorelli

The pressure against Greece is getting stronger every week. Everybody talks a lot about the debt crisis; but it´s important to remark that before being a debt crisis it was a bank crisis. Since 2008, there was a big problem located on the (...)
Vidéo - Europe in Peril: Debts and Social Cuts.

21 June 2011 - by Eric Toussaint

Economists Demand Independent Audit / Great Britain: Mass Protests Against Social Cuts And Tax Dodgers In order to assess the legitemacy of the Greek Debt economists, politicians, intellectuals and activists around the world are demanding an (...)
Call to national and European MPs : For an audit of Tunisia’s debts to the EU

With dictator Ben Ali ousted from power since 14 January 2011, Tunisia bears the burden of a public external debt amounting to $14.4 bn, which is a major obstacle to the development of the Tunisian people since repayment (capital plus interests) (...)
Working people shoulder the burden of public debt, but lack information on its composition, its terms, and its sources

Support the campaign to audit Europe’s public debt

4 March 2011 - by Costas Lapavitsas

Public debt is at the heart of the eurozone crisis. Greek public debt, already very high for years, has grown extraordinarily since 2009. Irish public debt has escalated once the debts of private banks were added to it. Portugal and Spain (...)
Greece: the very symbol of illegitimate debt

3 March 2011 - by Eric Toussaint

Summary: The Greek public debt made the headlines when the country’s leaders accepted the austerity measures demanded by the IMF and the European Union, sparking very significant social struggles throughout 2010. But where does this Greek debt (...)
CALL FOR AN AUDIT COMMISSION ON GREEK PUBLIC DEBT

Economists, activists, academics and parliamentarians from across the world have supported a call to audit Greece’s public debts. The call demands the establishment of a public commission to examine the legality and legitimacy of debts with a (...)
It is perfectly possible for a country to refuse to pay its debt

The Committee for the Abolition of Third World Debt (CADTM) calls on African governments to follow the examples of the developing South American countries that have refused to repay the illegitimate debts that are demanded from them. According (...)
The debt crisis hits harder in Europe than in the emergent countries of the South

27 October 2010 - by Eric Toussaint

Version edited by Eric Toussaint of an article by Ram Etwareea that was published in the Swiss daily paper Le Temps on Thursday 21 October 2010. The present text is the sole responsibility of the interviewee. The published version can be found (...)
Truth, Memory, Justice on Argentina’s debt

18 August 2010 - by Dialogo 2000

Congress moves towards an investigation demanded by those affected by a debt accumulated on the basis of serious crimes Dialogue 2000 welcomes the recent adoption by three Committees of the Chamber of Deputies, of a nearly unanimous opinion on (...)
Parliamentary Inquiry Commission (CPI) of the Public Debt in Brazil: main achievements so far

10 April 2010 - by Maria Lucia Fattorelli, Rodrigo Vieira de Ávila, Auditoria Cidadã da Dívida

Brazil currently spends 36% of its federal budget on interest and repayments of its external and domestic debt, while social areas such as health receive less than 5%, and education less than 3%. This is also a reality in several countries of (...)
August 19, 2009 : A Historic day for Brazil

3 September 2009 - by Auditoria Cidadã da Dívida

August 19, 2009, was a historic day in the struggle for official auditing of public debt in Brazil, a process already drafted in the Federal Constitution of 1988, and demanded for many years by the Brazilian social movements, especially (...)
Zimbabwe: the case for a debt audit

9 July 2009 - by Senator Obert Gutu

The unpalatable fact is that the Republic of Zimbabwe is virtually bankrupt. As at December 1 2008, Zimbabwe’s external debt stood at US$5, 255 billion, with a current account balance of US$597 million. As at May 31 2009, Zimbabwe owed the (...)
He is an ideologue of the creation of the Bank of the South

Paraguay. The Belgian who met with the president is an adviser to Correa and works with Chavez.

27 December 2008 - by ABC Digital

Eric Toussaint, the Belgian who met with the President of the Republic and then with a group of ministers, is one of the advisers to the Ecuadorian President Rafael Correa and works closely with the Venezuelan President Hugo Chavez. He is one of (...)
Final Report of the Integral Auditing of the Ecuadorian Debt - Executive Summary

12 December 2008 - by Integral Auditing Commission for Public Credit of Ecuador (CAIC)

The incalculable damage caused to the country’s economy and the people of Ecuador by public borrowing, omnipresent as a pressure-submission system, and the consequent commitment of public resources to deliver its service, whether or not (...)
Ecuador : Report on External Debt reveals that its objective was to benefit financial sector and transnationals

The Comprehensive Public Credit Audit Commission, created in July, 2007, presented its Final Report to the president of the Republic, Rafael Correa, in which it concludes that over the period 1976-2006, the process of indebtedness in Ecuador (...)
Grupo Nacional Deuda

Financial debt and sovereignty in the Constitution of 2008

THE DEBT IN THE CONSTITUTION PROPOSAL TO THE NATIONAL CONSTITUENT ASSEMBLY REGARDING THE DEBT AND FINANCIAL SOVEREIGNTY (February 2008) GENERAL THOUGHTS During the long neoliberal period, the foreign debt and the indebtedness system in (...)
International Campaign on Illegitimate Debt

Resolution of solidarity and support for the people of Haiti

Between August 15 and September 7, 2008, the Caribbean was severely hit by four successive hurricanes (Fay, Gustav, Hanna, and Ike) that devastated several regions with disastrous consequences in particular for the peoples of Cuba, the Dominican (...)
International Campaign on Illegitimate Debt

Resolution of support for Ecuadorian Debt Audit

The undersigned participants in the First South-North Study and Strategy Meeting of the International Campaign on Illegitimate Debt, representing 50 global and regional networks and organizations from 36 countries from throughout the world, (...)
Characteristics of the experiences underway in Venezuela, Ecuador and Bolivia

4 July 2008 - by Eric Toussaint

In Latin America, if we exclude Cuba, we can point to three general categories of governments. First, the governments of the right, the allies of Washington, that play an active role in the region and occupy a strategic position: these are the (...)
Governments urged special audits on foreign debt management

20 May 2008 - by ANTARA News

A non-governmental organization urged the government to conduct special audits on the management of Indonesia`s foreign debt in order to ascertain its effectiveness from the viewpoint of the government as its user and the creditors` (...)