Eygpt: Debt Swap is not an Alternative to Cancelling Odious Debt
Popular Campaign to Drop Egypt’s Debt
Amidst a general atmosphere of an extreme lack of transparency it has come to our knowledge that Egypt had sealed agreements with three European countries pertaining to the implementation of debt swap programs, and is currently negotiating with two further countries. The countries in question according to informal sources are Germany, France, Italy and Belgium. The Popular Campaign to Drop Egypt’s Debt would like to raise strong concerns regarding the conditions under which these agreement are being negotiated, as well as the practice of debt swap itself under the given circumstances.


Campaigners tell Chancellor to legislate against vulture funds taking action against Greece in British courts
El dinero público de los ciudadanos españoles prestado a Grecia irá directo a manos de banqueros, FMI y BCE. ¡No al genocidio social, no en nuestro nombre!
Le soulagement est à la hauteur des craintes passées : 85,5 % des créanciers privés ont accepté jeudi soir de participer à la restructuration de la dette grecque. Dès vendredi matin, le ministre des finances, François Baroin,
El 21 de febrero, los ministros de Finanzas europeos llegaron a un acuerdo con el Gobierno griego para proceder al segundo rescate financiero del país.
Eric Toussaint, Doctor of Political Science and President of the Committee for the Abolition of Third World Debt (CADTM), is a member of the Commission for an Integral Auditing of Public Debt in Ecuador (CAIC) whose findings resulted in Ecuador stopping its repayment of part of its debt. He claims that Greece must stop paying its debt and must rise up against the Troika (the European Central Bank, the IMF and the European Commission) otherwise it will sink into the doldrums of permanent recession.
Eric Toussaint, docteur en sciences politiques et président du Comité pour l’Annulation de la Dette du Tiers Monde (CADTM) est membre de la Commission d’audit intégral sur le crédit public en Equateur (CAIC) dont l’action a abouti à la suspension de paiement d’une partie de la dette équatorienne. Pour lui, la Grèce doit arrêter de payer la dette et doit se rebeller face à la Troïka composée de la Banque centrale européenne, du FMI et de la Commission européenne sans quoi elle s’enlisera dans une récession permanente.
A propos du livre de Daniel Bensaïd, Marx I’intempestij. Grandeurs et misères d’une aventure critique (XIXe-XXe siècles) Fayard, 1995, 415 pages
Negotiations to reduce Greek debt have been suspended after no agreement could be reached last week. At some point in the near future Greece seems certain to default on its obligations. But the drama surrounding the talks in Athens, Berlin and Paris shows that there will be nothing co-operative about Greek default. It is a ruthless contest dominated by the so-called troika: the European Union, the European Central Bank, and the International Monetary Fund.