The Dictionary of Debt (VI): Odious Debt, Primary Deficit, PSI, Secondary...
Odious Debt: Under a UN proposal (of April 2010) a debt is considered odious not only if it is product of a suspicious exchange, but whenever its repayment involves the circumvention, violation or...
View ArticleThe Dictionary of Debt (VII): Spread, Taxation, Tax Exemptions, Unemployment
Spread (difference in interest rates): In the current crisis, this term primarily means the difference between the interest rate paid by an EU country borrowing money, and the rate paid for equivalent...
View ArticleThe new European Banking Liquidation Fund, another mechanism for transferring...
The Ecofin (European Council for Economic and Financial Business) has agreed to create the fund for liquidating banks in Europe or, in other words, to insure depositors’ money, which will be called...
View Article2nd newsletter of TroikaWatch
Enjoy the 2nd newsletter of #TroikaWatch: In this newsletter you can read about: Overall situation European level Greece Ireland Portugal Cyprus Spain Italy Slovenia Who we are and why we write this...
View ArticleCostas Lapavitsas – The financialisation of capitalism
The Professor at the SOAS University of London Costas Lapavitsas explains what is and what are the causes of the financialisation of capitalism The post Costas Lapavitsas – The financialisation of...
View ArticleDon’t Owe, Won’t Pay: YES to life, NO more vultures!
By Jubilee South/Americas This past June 16th, the Supreme Court of the U.S. announced two highly pernicious decisions not only for Argentina and its people, but for all those who defend sovereignty...
View ArticleStop Debt Vultures: Implications of the Vulture Attack on Argentina
DDCI has released analysis in response to the extraordinary legal case of vulture funds attacking Argentina for over US$ 1 billion and has called for an end to vulture fund predatory behaviour. The...
View ArticleStop the Vultures!
Discover more about Vultures in Argentina & sign the petition: www.stopthevultures.org On Facebook: https://www.facebook.com/stopthevultures On Twitter: https://twitter.com/StoptheVultures The post...
View ArticleGlobal week of action against the Debt and International Financial...
Argentina has fallen prey to a bunch of hedge funds known as ‘vulture funds’. Taking advantage of the precarious financial situations of some States, these vulture funds buy debts at a discounted price...
View ArticleDecentralized actions Blockupy central banks !
Around the (successful) mobilization of Blockupy in Frankfurt, several decentralized actions took place in central national banks (that are part of ECB) –> Italy Autonomous activists from north-east...
View ArticleGreek debt crises: The European Stability Mechanism money started flowing –...
Greek debt crises: The European Stability Mechanism money started flowing – to creditors, not to Greece 8 September by Bodo Ellmers The Greek bailout saga entered a new round as the first tranches of...
View ArticleThe Dictionary of Debt (III): Public Debt, Public Deficit, Eurobond,...
Debt (Public): The total loan obligations of the state. It may refer to the debt of the central government (the ministries and the decentralised governance bodies), or the general government (central...
View ArticleThe Dictionary of Debt (IV): First Greek Bailout Package (€110 bln from EU...
In April 2010, when the Greek bond spreads exploded to new heights, rendering impossible Greece’s funding from the capital markets, the Prime Minister requested, from the remote island of Castelorizo,...
View ArticleThe Dictionary of Debt (V): GDP, Haircut, Inflation, Labour Cost, Liquidity
Gross Domestic Product, GDP: The total value of all goods and services produced within a country during a given year, including those produced by units owned by people who live abroad. The Greek GDP in...
View ArticleThe Dictionary of Debt (VI): Odious Debt, Primary Deficit, PSI, Secondary...
Odious Debt: Under a UN proposal (of April 2010) a debt is considered odious not only if it is product of a suspicious exchange, but whenever its repayment involves the circumvention, violation or...
View Article
