2011-10-02 - CADTM

Why Pakistan says adieu to IMF program?

by Abdul Khaliq

Existing $11.3 billion Stand By Agreement (SBA) is 8th program with IMF, going to be ended on a bitter note.
Having kept the IMF at arm’s length for over a year now is anything but good news.

The government of Pakistan has taken the latest decision to say ‘adieu’ to the International Monetary Fund (IMF) at least for the time being, after the existing $11.3 billion Stand By Arrangement (SBA) program, is to be ended on 30 September 2011.This is the 8th SBA program with the IMF to conclude on an unsuccessful note, since 1950 when Pakistan joined the Fund. Out of these eight programs six were contracted with democratic governments. 

2011-10-01 - CADTM

In the eye of the storm: the debt crisis in the European Union (7/7)

Alternative ways out of crisis

by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

 Part 7: Alternative ways out of crisis |1|

2011-09-28 – CADTM

In the eye of the storm: the debt crisis in the European Union (6/7)

Has the crisis peaked yet

by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

Part 6: Has the crisis peaked yet

2011-09-28 – CADTM

In the eye of the storm: the debt crisis in the European Union (5/7)

CDS and rating agencies: factor(ie)s of risk and destabilization

by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

Part 5: CDS and rating agencies: factor(ie)s of risk and destabilization ^|1|

28 September 2011 - CADTM

Ιn the eye of the storm: the debt crisis in the European Union (4/7)

A European Brady deal: austerity for life

by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

Part 4: A European Brady deal: austerity for life ^|1|

October 8 to 16, 2011

WEEK OF GLOBAL ACTION AGAINST DEBT AND IFIs

Break the chains of debt!

The system of debt continues to devastate the lives of people around the world. People in the South face the daily impacts and consequences of the financial indebtedness of their countries, which far from having been "relieved" is growing in step with the crisis and the pursuit of extraordinary profits by the most concentrated forms of capital. They continue also to bear the burden of the unpaid historical, social, ecological, and climate debts which are increasing as well to the rhythm of false solutions to the global crisis.

25 September 2011 

Anticapitalism and environmentalism as a political alternative

by Esther Vivas

We cannot analyse the global ecological crisis separately from the crisis in which we are immersed or the critique of the economic model that has led us into it.

The starting point for today’s debate is to note that humanity is in a global ecological crisis that is an intrinsic part of the systemic crisis of capitalism. And one of the differences from past economic crises, from that of the 1970s or the crash of 1929, is precisely its ecological aspect.

23 September 2011 - CADTM

In the eye of the storm: the debt crisis in the European Union (3/7)

The ECB, ever loyal to private interests

by Eric Toussaint

In July - September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

19 September 2011 - www.guardian.co.uk

The real debate is how

A Greek default and exit must be taken in the people’s interests – not entrusting the process to the EU, IMF and banks.

Greece is facing an economic and social disaster, the result of its so-called rescue by the “troika” of the EU, the International Monetary Fund and the European Central Bank. Greece must change course to avoid a grim future for its people: it must default on its debt and exit the eurozone.

16 September 2011 - Debt and Development Coalition Ireland

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.

15 September 2011 - CADTM 

The great Greek bond bazaar

by Eric Toussaint

In the eye of the storm : the debt crisis in the European Union (2/7)

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

Part 2: The great Greek bond bazaar

12 September 2011 - CADTM

In the eye of the storm: the debt crisis in the European Union

by Eric Toussaint

In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint about various facets of this new stage in the crisis.

First part: Greece

2011-09-11

The whys of famine

by Esther Vivas

We live in a world of plenty. Today food is produced for 12 billion  people, according to the Organization of the United Nations Food and Agriculture (FAO), when the planet is inhabited by 7 billion people. There is food. So why is one of every seven people in the world going hungry?

29 August 2011

Jamaica’s crippling debt crisis must serve as a warning to Greece

The experience of debt-ridden Jamaica shows the damage done when the interests of creditors are given too much weight. As the eurozone authorities move closer to the accepting the inevitable Greek debt default/restructuring, there are some who have pointed to the Jamaican debt restructuring of last year as a model.

by Mark Weisbrot

It’s hard to imagine a worse disaster for Greece. It is worth a closer look at what has been done to Jamaica, not only as a warning to Greece, but to shed some light on the damage that can be done when "the international community" is willing to sacrifice a country for the sake of creditors’ interests.

2011-08-14

Grèce, Irlande et Portugal : pourquoi les accords conclus avec la Troïka sont odieux ?

par Renaud Vivien, Eric Toussaint

La Grèce, l’Irlande et le Portugal sont les trois premiers pays de la zone euro à être passés sous la tutelle directe de leurs créanciers en concluant des plans d’ « aide » avec la « Troïka » composée de la Commission européenne, de la Banque centrale européenne (BCE) et du Fonds monétaire international (FMI). Mais ces accords, qui génèrent de nouvelles dettes et qui imposent aux peuples des mesures d’austérité sans précédent, peuvent être remis en cause sur base du droit international.