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For the Greek Peoples’ Right To Audit Public Debt

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APPEAL TO SUPPORT THE RESISTING GREEK PEOPLE and its TRUTH COMMISSION ON PUBLIC DEBT FOR THE PEOPLES’ RIGHT TO AUDIT PUBLIC DEBT    To the people of Europe and the whole world! To all the men and women who reject the politics of austerity and are not willing to pay a public debt which is strangling us and which was agreed to behind our backs and against our interests. We signatories to this appeal stand by the Greek people who, ... Read More »

Search for truth about the Greek debt

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by Eric Toussaint (6 April 2015): For the first time in Europe a committee for an audit of the debt (with citizens’ participation) was set up under the auspices of a parliament. On Saturday 4 April the president of the Hellenic parliament Zoe Konstantopoulou opened the first official session creating a debt audit committee , also called committee for the truth about the debt. Zoe Konstantopoulou read the decree establishing the said committee consisting of Greek and foreign members and defined ... Read More »

WSF 2015, Tunis: The people united, will never be defeated!

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Declaration of the Social Movements Assembly TUNIS: (27 March 2015) – The Social Movements Assembly of the WSF 2015, Tunisia is the place where we come together through all our diversity, in order to forge a collective agenda to fight against capitalism, imperialism, patriarchy, racism and all forms of discrimination and oppression. We have forged a common history and a common stream of work, which led to some progress, with the hope to garner some amount of victory against the ruling ... Read More »

Policy statement: Govt. admits violating Debt Limitation Act

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By  Shahbaz Rana (February 3, 2015) The country’s stock of external debt and liabilities is increasing at a rapid pace compared to foreign exchange earnings, which could undermine its debt repayment capacity, reveals the Debt Policy Statement, confirming that the government could not bring the public debt within statutory limits. The government on Monday laid the Debt Policy Statement before the National Assembly, admitting that it violated the Fiscal Responsibility and Debt Limitation (FRDL) Act of 2005. The statement was ... Read More »

A debt to history?

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(By GillianTett)  To some, Germany faces a moral duty to help Greece, given the aid that it has previously enjoyed. As the crucial election looms in Greece later this month, newspapers have been full of pictures of demonstrations (or riots) in Athens. But there is another image hovering in my mind: an elegant dining hall on the shores of Lake Lucerne in Switzerland. Last summer I found myself in that spot for a conference, having dinner with a collection of central ... Read More »

What’s wrong with the Global Trade System?

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Unequal Partners: rich countries abuse the system and bully poorer countries into agreeing to rules which favour the rich. The benefits of trade will only reach the poor – at home and in the developing world – if international trade rules are deliberately weighted in favour of poor people and the environment. While international trade is worth $10 million a minute, poor countries only account for 0.4% of this trade – half the share they had in 1980. The so-called ... Read More »

On the way to Addis Ababa: Funding development goals

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By Mark Herkenrath (8 Jan 2015): The Third UN Conference on Financing for Development will take place in Addis Ababa in July 2015. The key question will be how to finance the Sustainable Development Goals. In September 2015 the UN will finalize the new global Sustainable Development Goals (SDGs). The political negotiations within the Open Working Group (OWG) have produced an ambitious catalogue of 17 main goals and numerous sub-goals, all of which focus equally on economic, social and environmental ... Read More »

Developing countries lost $2 for every $1 gained

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The single fact that shows how the global financial system fails developing countries By Jesse Griffiths (22 December 2014) This will make you angry. After six months crunching all the best data from international institutions, here’s what we found: for every dollar developing countries have earned since 2008, they have lost $2.07. In fact, lost resources have averaged over 10% of their Gross Domestic Product (GDP). We’re not talking about all flows of money out of developing countries, just the lost resources: money ... Read More »

Jubilee Debt Campaign welcomes US call for Ebola debt relief

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By Jubilee Debt Campaign (13 Nov 2014) The UK government must support expanded post-catastrophe fund at Brisbane G20 this weekend.    Jubilee Debt Campaign has welcomed a call by US officials for emergency debt relief from the IMF for Liberia, Sierra Leone and Guinea to help tackle the Ebola outbreak, but warned that further cancellation is needed to ensure the fight against Ebola is not undermined by debt payments. Reuters have reported that US officials have proposed the IMF cancel $100 million of Liberia, Sierra Leone ... Read More »

IMF’s Structural Adjustment Programs for Pakistan

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By Junaid Malik (8 November 2014) The ideology of neoliberalism imposed on poor nations demanding them to lower the living standards of their people. Enforcing Structural Adjustment Policies (SAPs) to ensure debt repayment and economic restructuring. These are the general demands by IMF and World Bank, requiring poor countries to reduce spending on things like health, education and development, while focusing on repayment and other economic policies as priority. The IMF and World Bank Restructuring programs have been heavily criticized ... Read More »