Greece’s debt costs rise sharply as worries grow over IMF roleFresh worries over Greece’s debts have pushed the country’s borrowing costs sharply higher amid renewed insistence from Athens it will not swallow further austerity demands from international lenders.
Lire la suiteFOUR REASONS WHY GREECE SHOULD NOT HAVE PAID THE DEBTOn 7 December 2016 Greece remitted €299 million to the IMF. This sum corresponds to a part of the “bail-out” that was granted in 2010 and is all at the same time illegal, illegitimate, odious and unsustainable.
Lire la suiteDebt and DevelopmentWe used to hear all the time about the “Third World” debt crisis—and how it was keeping Latin America and Africa poor. But now I hear that those economies have actually been growing pretty fast. Was all that talk about debt overblown?
Lire la suiteWorld Bank warns new threats of poverty due to weak economic prospectsThe World Bank has warned of new threats to efforts to reduce poverty in the developing world.
In its twice-yearly assessment of global economic prospects, the World Bank forecasts only a modest increase in growth and warns of new threats of poverty in the Thirld World.
Lire la suiteSolidarity with the people of Bosnia, Serbia and Croatia: Since May 17, floods in the Balkans have taken a heavy toll with 17 deaths in Serbia, 27 in Bosnia and 2 in Croatia. The IMF has taken advantage of the situation to offer Bosnia an “aid package” on condition that the Bosnian government agrees to carry out certain economic reforms. Exactly what form these will take has not yet been made public.
Lire la suiteTurbulence in Emerging Economies: From Easy Money to Hard Landing?Urgent steps are needed to deal with an economic crisis in the emerging economies.Once again, most specialists on international economic matters have been caught unawares. In fact, the signs of external financial fragility in several emerging economies have been visible since the beginning of the financial crisis in the US and Europe.
Lire la suiteG24: South calls for actions on the structural failures of international financial system,The G77 and China also affirmed the longstanding need for reform of the international financial architecture toward the objective of reshaping a financial and monetary system that reflects the realities of the 21st century.
Lire la suiteThe Debt Crisis : From Europe to Where?Via internet, CADTM is very pleased to make this book, "Debt crisis from Europe to Where ?" published by VAK in Mumbai (India), available to a wide public. It may be freely copied by other sites and reproduced for non profit uses provided that a link to the CADTM website is clearly visible (www.cadtm.org). Feel free to send your comments and information on the personal or collective use you make of this book to info@cadtm.org. Your messages will be forwarded to the authors.
Lire la suiteYear 2 of the Tunisian revolution: Private profit vs public interestThe ongoing blackmail and the pressure by the international financial institutions are weakening the process of democratic transition, even though the IFIs officially support it. They are pushing the Tunisian government into adopting arbitrary, non-transparent and dictatorial practices
Lire la suiteThe systemic crisis of the euro - true causes and effective therapiesWhat has gone wrong? Are the diagnoses commonly offered valid? Why do the medicines that have been prescribed not work? Could it really be possible that European politics at the highest level fails to understand the cause of the crisis and to address it with a consistent plan?
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