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The general election of February in Italy produced a political deadlock over the formation of a new government and reawakened fears that the crisis of the European Union currency – the Euro – could take a new turn for the worse. A low turnout of voters (by Italian...
A campaign by Nature Kenya and other Environmental Justice Organizations (EJOs) has saved the Dakatcha Woodland Important Bird Area (IBA) from destruction from biofuel crops after Kenya's National Environmental Management Authority (NEMA) rejected clearance for a...
“Italy is now mathematically beyond the point of no return.” –Barclays Capital The situation in Europe gets more depressing by the day. Policymakers have waited too long and now events are beyond their control. The only way to avert a disorderly breakup and another...
The G20 is no more legitimate than its progenitor the G7 (Canada, France, Germany, Italy, Japan, UK and USA). It was launched by the industrialized countries three years ago when they were beginning to feel the effects of the biggest economic crisis since the 1930’s....
Several years ago, Foreign Policy in Focus (FPIF) published an article called ‘Propping Up Africa’s Dictators’. The article unpacked the basic commonly known building blocks for France’s Françafrique policy, ‘designed to create structural dependence and domination by...
Have so many ever been so enthusiastic over a plan to beg, borrow, and steal $1.5 trillion? •Beg - Weaker European banks will have to raise over $100 billion in capital. •Borrow - Eurozone will borrow $1.4 trillion to bailout future sovereign and bank defaults. •Steal...
What if debt deflation strikes, will the Eurozone’s financial elite still bay for sound finance? Finance capital’s imposition of fiscal austerity on both sides of the Atlantic – and this at a time when private consumption and investment are stagnating – is pushing the...
In the early days of October 2011 the virtual bankruptcy of the Franco-Belgian bank Dexia is yet another sign of how deep is this crisis that brings governments to serve public money to private interests. Dexia’s krach shows that it is the private banks that are the...
In the eye of the storm: the debt crisis in the European Union (5/7) In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...