Transnational actions against the European Central Bank’s opening: March 18th 2015 in Frankfurt
Our time to act has come!
by BLOCKUPY FRANKFURT
2015 began with something unheard of. The people in Greece stood up against all threats from Europe and elected a new left government. This, after 5 years of ruining the country of Greece, where the people lived in constant struggle against the humanitarian crisis and social destruction. A government was elected to stand up to the European institutions, rather than to accept more austerity measures imposed on its people. We support the decision by the Greek people to reject the neoliberal doctrine of "no alternative." We feel empowered and see the possibility of another future. Especially since this is connected to other important ongoing popular movements, like in Spain. Just recently in the streets of Madrid hundred thousands of people said out loud: We can and we will win again! Next, the people in Greece and all over Europe filled the squares on February 11th, the day the Eurogroup started renegotiating the Greek debt. A transnational wave of solidarity actions was unleashed.


The British bank HSBC, which recently employed 260, 000 people worldwide, is present in 75 countries, and claims to have 54 million customers |1| is another example of the “Too Big to Jail” phenomenon. |2| Over the last ten years, HSBC has laundered $881 million |3| for Mexican and Columbian drug cartels that are responsible for tens of thousands of firearm related assassinations. These relations continue in spite of dozens of warnings from different US government agencies including the Office of the Comptroller of the Currency. The profits from this business are so important that not only does HSBC continue, but it has also opened specialised services in its Mexico offices where drug dealers may simply hand in stocks of cash for cleaning. |4| It has been revealed that HSBC was accused of failing to respect regulations, to prevent money laundering, on nearly $700 billion of transfers and over $9.4 billion in US currency purchases from HSBC Mexico. The bank also violated sanctions against Iran, Sudan and Burma, amongst others. Although HSBC is openly contemptuous towards the law, it has hardly been subjected to any legal consequences. In December 2012, HSBC was condemned to a fine of $1.9 billion – about one week of revenue – as the full and final penalty for its money laundering activities. Although aiding and abetting terrorist organisations, and drug trafficking, are punishable by five years in prison not one director or employee has been criminally prosecuted. Bank directors have a free hand to take part in drug trafficking, sanction violations, or any other crime.
La noticia de su rotunda victoria en las primarias de Podemos para la candidatura a la Presidencia de la Junta se conocía a primeras horas de este lunes, coincidiendo con una entrevista en Canal Sur Televisión, donde ha dicho que quiere reunirse con Rocío Filpo, quien ha liderado la otra lista, así como también con el resto de candidatos para debatir el programa para las elecciones.
Une annulation de dette est elle possible ?
HSBC is back in the news. According to several articles published in different newspapers on 9 February 2015, Geneva HSBC accounts have been used to transmit €180.6 billion worth of transactions, between 9 November 2006 and 31 March 2007 (a period of less than five months!!!). |1| Mohamed VI king of Morocco, showbiz celebrities and many private corporations entrusted a part of their incomes to HSBC in order to hide them from tax and judicial authorities in their countries. In the following pages we will look at the past and recent history of HSBC, one of the World’s biggest private banks.
El capitalismo contemporáneo ha sumado, para proseguir su avance, nuevas contradicciones. Fruto de una larga política de huida hacia adelante que, primero, financiarizó la economía y, segundo, socializó las deudas privadas, acarreamos volúmenes insostenibles e impagables de deuda, principalmente privada, pero cada vez más pública.
Eric Toussaint interviewé par Benito Perez (quotidien Le Courrier à Genève)
Le gouvernement a annoncé lundi qu’il allait annuler les dettes de 60 000 personnes parmi les plus démunies du pays. Il s’agit de dettes à l’égard de sociétés de services publics, de compagnies de téléphonie (privées) et de banques (privées, à l’exception d’une banque publique). Cette annulation de
Dans une interview accordée à Fabien Perrier, journaliste au quotidien suisse Le Temps, le ministre chargé de la Réforme administrative, Giorgos Katrougalos, qui a souvent participé depuis 2011 à des activités organisées par le CADTM, propose le lancement d’un processus de convocation d’une Assemblée constituante. Il entend également réintégrer des fonctionnaires licenciés et lutter contre le clientélisme.
1) En el II Congreso de Izquierda Anticapitalista el 82% de la militancia ha aprobado las tesis presentadas por la dirección saliente. Izquierda Anticapitalista abandona la forma jurídica de partido adoptando la forma legal de asociación, apostando por construir un movimiento anticapitalista.
(...) Le sort de la dette de la Grèce est évidemment le cœur du futur de ce pays ! Syriza l’a emporté par ses propositions sur la gestion de cette affaire. Beaucoup de commentateurs sont absolument paralysés devant cette question. Pour eux, cette dette est une sorte de fétiche dont la réalité ne peut être mise en cause. Voyons cela. Vous qui me lisez, venez faire provision d’arguments… Âmes sensibles s’abstenir…
Cet article correspond au chapitre « Balkans de l’Ouest » tiré de l’Étude du CERI / Sciences Po, Tableau de Bord de l’Europe de l’Est, du Sud-Est et de l’Eurasie [1]
Since the European Union started facing an abyssal debt crisis and several countries have been caught in the stranglehold of their creditors, the prospect of defaulting has become a real possibility. A majority of left-wing and orthodox economists consider that a suspension of debt payment must be avoided. The loans granted by the Troika to Greece (May 2010), Ireland (November 2010), Portugal (May 2011), and Cyprus (March 2013) were allegedly intended to prevent those countries from defaulting, which it was claimed would have had disastrous consequences for the populations in the concerned countries. Yet several economists also develop strong arguments to defend a suspension of debt payment. Anyway, it has now become difficult to deny that the conditions attached to those loans combined with the increase in those countries’ debts have a dramatic impact on the populations starting with the Greek people. It is high time to understand that suspending debt payment can be a justified option.