debt

To be sure, the union was designed to establish a transnational capitalist bloc capable of competing on the world market. The euro’s adoption moved further in that direction. However, nation-states — in economic competition with one another — created this bloc to begin with. It is therefore insufficient to focus only on capital’s transnationalization; we must

The weight has fallen on those least able to survive, and when their own suffering was aggravated by the desperate plight of hundreds of thousands of refugees, and now millions, little help was given. What we have seen is the global market system, and especially the EU, lend people money to buy things and then strangle their hopes and futures when they cannot repay. What we now have is the biggest debtor's prison in European history.

This video intends to sum up in a simple and easy way, how Greek indebtedness grew into the outbreak of the public debt crisis of 2010. It also seaks to denounce, with solid arguments, the huge disinformation around this subject. The details in this video are from the preliminary report of the Truth Committee on Public Debt.

This interview presents the genealogy of the anti-debt struggle, the campaigns for debt cancellation, the empirical foundation, the political battles and the concepts of the “illegitimate,” “illegal” or “odious” nature of public debt. In other words, how it is necessary for the Committee for the Abolition of Illegitimate Debt (CADTM) – formerly known as the Committee for the Abolition of Third World Debt – to ally with opposition forces and social movements, where the concepts and the people involved can challenge and overpower debt and its “system” once the government hears their voice.

The Greek government has agreed to a new round of fiscal austerity measures consisting of a sharp increase in taxes on income and property and further reductions in pension and other welfare-related expenditures. Based on our model of the Greek economy, policies aimed at reducing the government deficit will cause a recession, unless other components of

The tribulations of major European banks, starting with “venerable institutions” like the Monte dei Paschi di Siena (the world’s oldest bank) and Deutsche Bank (Germany’s largest), have raised the spectre of a repeat of the crash of 2008 — a “Lehman Brothers times five” in the words of one market analyst.

‘Any “bailout” that might occur … seems directed only at the Wall Street vultures who now control most of the debt,’ Déborah Berman-Santana tells MintPress News in a sprawling interview about the debt crisis in Puerto Rico.

Die zuletzt abgeflaute Debatte um griechische NS-Reparationsforderungen über 278,7 Milliarden Euro an Deutschland wird neu angefacht. Nach zweieinhalb Jahren Arbeit hat ein griechischer Parlamentsausschuss nun einen Bericht vorgelegt, der den Anspruch auf Milliardenzahlungen untermauert.

If good and thoroughly decent people shy away from the completely provable truth then we must all expect the Orwellian ‘globalisation’ cell door to...

Financing vs. Spending Unions: How to Remedy the Euro Zone’s Original Sin By Thomas Palley In economic policy, timing isn’t everything, it’s the only thing. The...